Odd allies join forces on Va. mortgage bills
You know what they say about politics and bedfellows.
A news conference in Richmond on Monday morning might have featured the strangest lineup of political allies of this year's legislative session.
Sen. A. Donald McEachin (D-Richmond), one of the General Assembly's most liberal members, joined with Del. Bob Marshall (R-Prince William), one of the legislature's most conservative members, to urge passage of bills to reform foreclosure procedures in Virginia, including one sponsored by Marshall that would force banks to maintain up-to-date records on Virginia loans in government offices, potentially restraining global trade in these mortgages.
McEachin and Marshall were joined by Del. Robin Abbott (D-Newport News), Sen. J. Chapman Petersen (D-Fairfax) and homeowners who have fought to save their homes from foreclosure.
"We'll begin with my good friend -- although I know you all don't like to believe it -- my good friend Bob Marshall," McEachin said to start the news conference.
"I promise you, we'll resume ideological hostilities as soon as this press conference is over," Marshall said, as he took the microphone. "The fact that we represent such a broad ideological spectrum should tell the public that this is a core value, this is a core issue, this is a core responsibility of government," he added.
Two homeowners spokes as well, including a woman from Greene County who lost her home after making reduced payments in response to an e-mail from her bank alerting her that a loan modification had been approved, only to be told months later that it had actually been denied and she was thousands of dollars behind on her payments.
A Springfield man told of how his home was sold at a foreclosure auction, days after he submitted proper paperwork and payment to become current on his loan.
Marshall's bill faces an early and tough test before a House subcommittee Monday afternoon. The Speaker of the House has indicated that he opposes the measure. However, McEachin has several mortgage-related bills that will be heard later in the session by the state Senate.
Rosalind S. Helderman
| January 17, 2011; 2:43 PM ET
Categories: General Assembly 2011, House of Delegates, Rosalind Helderman, State Senate
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