Titus Urges Geithner to Use TARP Funds to Help Homeowners Who Are Underwater"I write to ask you to consider using TARP funds, especially those that will be soon returned to the Treasury, to create new, targeted programs to help those families that are more than 105% 'underwater.' Many families in my district are not eligible for help under the “Making Home Affordable” program but need assistance to stay in their homes."
Titus Supports TARP Reform to Ensure Accountability and Transparency"With Nevada’s foreclosure rate the highest in the nation, it is critical that stemming the tide of foreclosures is an integral part of the TARP. It is also essential that there are accountability and transparency so that taxpayers know where the money is going and that it is being used effectively."
Titus Votes Against Additional TARP Funds"While I have confidence that President Obama intends to responsibly use the remaining TARP funds, I cannot support releasing the funds until there are sufficient safeguards to ensure accountability and transparency. It is critical that there is legislation requiring this money go toward reducing foreclosures and keeping people in their homes.