Congressman Sherman Hosts Telephone Town Hall Meeting
Congressman Brad Sherman will host a Town Hall meeting from 3p.m. to 4:30p.m. on Sunday, September 20th, at Birmingham High School, located at 17000 Haynes Street, Lake Balboa. The Congressman will discuss the economy, U.S. foreign policy in the Middle East, Social Security and Medicare as well as other issues facing Congress. 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
Congressman Sherman Commemorates the 100th Anniversary of the Armenian Genocide
Thursday April 24, 2015 marks the 100th anniversary of the Armenian Genocide. In recognition of those atrocities Congressman Brad Sherman (D-CA) held a special order on the house floor calling for U.S. recognition. Read More
A Sure-Fire Way to Harm The Economy
A proposal to count leases as liabilities would cost 3.3 million jobs and add $2 trillion to company balance sheets.
Opinion By BRAD SHERMAN And PETER KING Read More
Congressman Sherman Releases Survey of Valley Veterans
A new survey released by Congressman Brad Sherman (D-Sherman Oaks) shows that veterans living in the San Fernando Valley area reported moderate satisfaction with their healthcare and benefits when seeking care at local VA facilities. “Our nation’s veterans deserve the best healthcare available. I am working to ensure that facilities in the LA area are suitable to fit the needs of veterans in our area, including helping allocate funds to the Sepulveda Ambulatory Health Care Center, and the West LA Health Care Center. There is much work to be done to correct these alarming trends in long wait times and backlogs at VA facilities, which is why I am working to help pass reforms that ensure greater transparency and better management of the VA,” said Sherman. 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.