Congressman Sherman Hosts a Town Hall Meeting
On Sunday, September 20th, 2015, Congressman Brad Sherman hosted a town hall meeting at Birmingham High School in Lake Balboa, fielding questions from some of the approximately 500 constituents who attended. Congressman Sherman has held over 200 Town Hall Meetings. Read More.
Congressman Sherman Opposes TPP Agreement
Washington DC – Following news of an agreement on the Trans-Pacific Partnership, Congressman Brad Sherman (D-CA) a senior member of the House Foreign Affairs Committee and former chairman of the Subcommittee on Trade, released the following statement:“If our previous free trade deals are any indication of what we can expect from the TPP, American workers are in serious trouble..." Read More.
Congressman Sherman Delivers Speech on Iran Nuclear Agreement
Congressman Sherman delivered a speech concerning his views on the Joint Comprehensive Plan of Action on Iran’s nuclear program at a Valley Beth Shalom, a synagogue in the San Fernando Valley. Read More.
Congressman Sherman Becomes Top Dem on Asia Subcommittee
Congressman Brad Sherman (D-CA), the second ranking Democrat on the House Foreign Affairs Committee and senior member of the House Financial Services Committee, announced new Subcommittee roles for the 114th Congress. In the House Foreign Affairs Committee, Sherman will serve as the ranking member on the Subcommittee on Asia, and will continue to serve on the Subcommittee on Terrorism, Nonproliferation and Trade, as the Chairman Emeritus (former Chairman). Read More
LA Earns Right to Bid for 2024 Olympics
"What's in it for the Valley?" asks Sherman. Read More.
Sherman Insists on Enforcement of Anti-Semitism Standards on Campuses
Due to the work of Congressman Sherman and others, the U.S. Department of Education issued guidance to American universities indicating that they had an obligation to protect students from anti-Semitism. Read More.
Mortgage Modification for those Facing Hardship
Congressman Sherman helped create the HAMP program to help those having significant difficultly making their mortgage payments. The goal is to reduce foreclosures, which are a tragedy for the families involved, and adversely affect the neighborhood. Qualifying homeowners often have their payments reduced to 31 percent of their monthly pre-tax income.
For help finding out if you’re eligible for a lower payment under these new policies, you can contact our Valley office at (818) 501-9200.
You can find out if your mortgage is owned by Fannie or Freddie by going online to:
http://www.FannieMae.com/loanlookup/ or https://ww3.FreddieMac.com/corporate/, or calling 1-800-7FANNIE or 1-800-FREDDIE.
For more information you can also visit: http://www.makinghomeaffordable.gov/
Refinancing at Lower Rates for Those with Low Equity (or No Equity)
Mortgage rates are at historic lows and many homeowners want to refinance to reduce their monthly payments by hundreds or even thousands of dollars. But many homeowners do not have the 20 percent equity required to refinance, and some owe more than the current value of their home.
Congressman Sherman cosponsored the HOME Act which allows those with mortgages owned or guaranteed by Fannie Mae and Freddie Mac to refinance – even if they owe more than their home is currently worth. Even if you write your check to a major bank, your mortgage is probably owned or guaranteed by Fannie Mae or Freddie Mac.
This provision will help create jobs in the San Fernando Valley. Homeowners who save hundreds of dollars each month are good customers for local Valley businesses. Furthermore, it does not expose the federal government to additional risk because these mortgages are already guaranteed or owned by Fannie Mae or Freddie Mac.