Congressman Sherman Releases Reports on Enforced Disappearances in South Asia
Today, Congressman Brad Sherman (D-CA), the Ranking Member of the Asia Pacific Subcommittee, released reports highlighting the problem of enforced disappearances in Bangladesh, Pakistan, and Sri Lanka. The reports confirm that enforced disappearances continue to be a significant issue in the region. Read More.
Congressman Sherman Releases Report on Enforced Disappearances in Pakistan
Today, Congressman Brad Sherman (D-CA), the Ranking Member of the Asia Pacific Subcommittee, released a report highlighting the problem of enforced disappearances in Pakistan. The report revealed that the Geneva-based International Commission of Jurists (ICJ) estimates that anywhere from 1,250 to more than 18,000 enforced disappearances have occurred in Pakistan since 2009. Read More.
Sherman Sends Letter to Pompeo Demanding Answers After Trump Threatens Ecuador over Breastfeeding
Today, Congressman Brad Sherman (D-CA), sent a letter to Secretary of State Mike Pompeo regarding the Trump Administration’s efforts to prioritize the interests of the infant formula industry and its attempt to bully the government of Ecuador. Read More.
Congressman Sherman on One Year Anniversary of Filing Articles of Impeachment
Today marks the one-year anniversary of the filing of Articles of Impeachment by Congressman Brad Sherman (D-CA). Sherman, joined by Congressman Al Green (D-TX), introduced an Article of Impeachment (H. Res. 438) against President Donald J. Trump for High Crimes and Misdemeanors on July 12, 2017. Congressman Sherman released the following statement. Read More.
Congressman Sherman Statement Following Visit to Immigrant Child Facility
Today, Congressman Brad Sherman (D-CA) released the following statement after his visit to the Youth for Tomorrow facility in Bristow, VA. The facility houses over 100 immigrant children including about 15 children that were separated from their families at the border: “I was pleased to join Senator Mark Warner (D-VA), Congressman Mike Thompson (D-CA), Congresswoman Doris Matsui (D-CA), and Congressman Jimmy Panetta (D-CA) during a briefing and tour of Youth for Tomorrow with facility staff, and staff from the Department of Health and Human Services (HHS). Read More.
Congressman Sherman Opposes the Janus Decision
Congressman Sherman released this statement after the Supreme Court handed down a 5-4 decision in the case of Janus v. AFSCME Council 31: “In today’s decision in the case of Janus v. AFSCME Council 31, President Trump’s Supreme Court overturned decades of American jurisprudence regarding the right to organize and collectively bargain for higher wages and better working conditions. Read More.
Congressman Sherman Statement on North Korea Summit
Congressman Brad Sherman (D-CA), a senior member of the House Foreign Affairs Committee and Ranking Member of the Asia Pacific Subcommittee, issued this statement after President Trump concluded a summit with Kim Jong-un in Singapore: “As could be expected, Trump and Kim signed a statement vague on details. In fact, it is almost devoid of details, such as timetables or concrete commitments, and the structure for future talks is not laid out with any specificity. Kim gets equal status at a meeting with the U.S. president, and we get vague platitudes about denuclearization. What has Kim really promised? Where’s the beef? Read More.
Congressman Sherman Praises Success of 405 Expansion on Four-Year Anniversary
Congressman Brad Sherman (D-CA), who worked with former U.S. Senator Barbara Boxer and others in securing federal funds for the new northbound lane on the 405, issued the following statement on the four-year anniversary of the opening of the new lane: “The success of this project is clearer than ever. With the growing population in Los Angeles and low unemployment, there are now more cars on the road than ever before. If we hadn’t built the lane, travel through the Sepulveda Pass would be far worse. Read More.
Representatives Sherman and Ros-Lehtinen Send Letter Urging Trump to Support Human Rights in Iran by Enforcing Sanctions
Congressman Brad Sherman (D-CA), a senior member of the House Foreign Affairs Committee, and Congresswoman Ileana Ros-Lehtinen (R-FL), Chairwoman of the House Foreign Affairs Subcommittee on Middle East and North Africa, sent a letter to President Donald Trump. The letter urges President Trump to enforce a critical sanctions statute against companies that sell to Iran technology it needs to censor dissidents, disrupt protesters, and restrict the free flow of information. Read More.
French President Macron: “There’s No Planet B”
Congressman Brad Sherman (D-Sherman Oaks), senior member of the House Foreign Affairs Committee, released the following statement in response to today’s Joint Congressional Address by French President Emmanuel Macron: “Today, President Emmanuel Macron delivered an excellent statement. Macron’s tough emphasis on protecting the environment was welcomed. As Macron stated, ‘there’s no planet B.’” Read More.
Congressman Brad Sherman Receives 11th Humane Society Award
Today, Congressman Brad Sherman received the Humane Champion Award from the Humane Society of the United States. This is Congressman Sherman’s 11th consecutive award from the Humane Society. Read More.
Congressman Sherman Secures $6 Million in Funding for U.S.-Israel Energy Research Programs
Today, Congressman Brad Sherman (D-Sherman Oaks) applauded the passage of government funding legislation that includes the FY 2018 Energy and Water Appropriations Bill. Sherman led the successful effort to secure $6 million in funding for two U.S.-Israel energy cooperation programs. Read More.
U.S. Representatives Ileana Ros-Lehtinen and Brad Sherman Launch Bipartisan Effort to Reform Atomic Energy Act; Urge Administration to Pursue “Gold Standard” In Saudi Nuclear Negotiations
Today Representatives Ileana Ros-Lehtinen (R-FL), Chairman of the Subcommittee on the Middle East and North Africa, and Brad Sherman (D-CA), Ranking Member of the Subcommittee on Asia and the Pacific, were joined by Ted Poe (R-TX) and William Keating (D-MA), the respective Chairman and Ranking Member of the Subcommittee on Terrorism, Nonproliferation, and Trade in introducing HR 5357, the Nuclear Cooperation Reform Act of 2018. Read More.
Chabot-Sherman Taiwan Travel Act Signed into Law
U.S. Representative Brad Sherman (D-Sherman Oaks), the Ranking Member of the House Foreign Affairs Asia Pacific Subcommittee, applauded the enactment of H.R. 535, the Taiwan Travel Act. Sherman introduced the legislation last January with U.S. Representative Steve Chabot (R-Ohio) and House Foreign Affairs Committee Chairman Ed Royce (R-California). Read More.
Congressman Brad Sherman Hosts Telephone Town Hall
On Wednesday evening, nearly 5,000 Valley residents participated in an interactive “Telephone Town Hall” hosted by Congressman Brad Sherman (D-Sherman Oaks). Residents from all over the San Fernando Valley called in and participated in a conversation with Congressman Sherman for over ninety minutes. During this time, the Congressman addressed the questions and concerns of constituents about gun control, the Republican tax plan, trade, electoral reforms, and other issues. Read More.
Congressman Sherman Holds Emergency Government Shut Down Skype Town Hall
On Sunday, Congressman Brad Sherman hosted a Valley Town Hall at Reseda High School via Skype. Due to the government shutdown, Congressman Sherman was unable to attend the town hall in person but joined via Skype from his office in Washington, D.C. Read More.
Sherman Statement on Preventing Gun Violence
The epidemic of gun violence continues to grip the nation. From the concert shooting on the Las Vegas strip, the deadliest mass shooting in our nation’s history, to the horrific scene at a high school in Florida where seventeen people were killed by a gunman, this past year saw citizens across the country continue to grapple with the realities of gun violence. Read More.
Congressman Sherman Statement on 24th Anniversary of Northridge Earthquake
Today, on the eve of the 24th anniversary of the Northridge Earthquake, Congressman Brad Sherman (D-Sherman Oaks) is reminding residents of the San Fernando Valley and metropolitan Los Angeles about how they can prepare for a future seismic event. Read More.
On Second Anniversary of Aliso Canyon Gas Leak, Congressman Sherman Attacks Trump for Withdrawing Safety Regulations
On the second anniversary of the Aliso Canyon gas leak, Congressman Brad Sherman (D-Sherman Oaks) condemned the decision of the Trump Administration to withdrawal natural gas storage safety regulations. He sent a letter demanding that the regulations be restored and enforced. Read More.
Congressman Sherman Calls for Comprehensive Health Study on Effects of Aliso Canyon Gas Leak
Following the release of an independent health study by Dr. Jeffrey Nordella, which concluded that Porter Ranch residents have uranium, lithium, and other chemicals in their bodies, Congressman Brad Sherman (D-Sherman Oaks) is calling for a comprehensive, independent, long-term health study on the impact of toxin exposures from the Aliso Canyon well blowout. Read More.
Congressman Sherman Responds to the President’s Decertification of the Iran Nuclear Deal
I was the first Member of Congress of either party to urge the rejection of the Iran deal, speaking on the House Floor hours after it was published. But if the U.S. renounces the deal, Iran keeps the roughly $100 billion they got last year, while being freed from the restraints imposed by the agreement. Our goal should be to enforce and extend the nuclear deal. Read More.
Congressman Sherman's Legal Analysis Supported by Thorough Brookings Study
On July 12, Congressman Brad Sherman (D-Sherman Oaks) filed Articles of Impeachment against Donald J. Trump for High Crimes and Misdemeanors. Read More.
Congressman Sherman, Senator Elizabeth Warren to Introduce Legislation to End So-Called, ‘Right-to-Work’ Laws Nationwide
Today, Congressman Brad Sherman (D-Sherman Oaks) announced his intention, along with Senator Elizabeth Warren (D-Massachusetts), to introduce legislation to eliminate so-called ‘right-to-work’ laws. Sherman has introduced this legislation in the past five Congresses. In the 114th Congress, Sherman introduced the bill in July 2016 with 48 House cosponsors. Read More.
Congressman Sherman Releases Statement Condemning Trump’s Decision to End DACA
Today’s announcement that the President will turn his back on DREAMers by ending DACA, essentially deporting nearly 800,000 young men and women who are American in every way, will undermine economic growth, bring fear to our communities, and tear families apart. Read More.
Congressman Sherman Addresses Nearly 800 at Valley Town Hall
On Sunday, Congressman Brad Sherman hosted a Valley Town Hall at Reseda High School. A crowd of nearly 800 people was in attendance at the Valley’s largest High School auditorium to listen to Sherman answer questions covering health care, social security, foreign policy, and many questions surrounding President Donald Trump and Sherman’s Articles of Impeachment. Read More.
Congressman Sherman Introduces Resolution to Preserve the Dream of Homeownership
Today, Congressmen Brad Sherman (D-CA) and Peter King (R-NY) introduced a bipartisan House Resolution expressing support for the home mortgage interest and property tax deductions. Reps. Sherman and King were joined by Representatives Nanette Barragan (D-CA), Paul Cook (R-CA), Dan Donovan (R-NY), Sheila Jackson-Lee (D-TX), Gregory Meeks (D-NY), Carol Shea-Porter (D-NH), Eric Swalwell (D-CA), and Dina Titus (D-NV). Read More.
Congressman Sherman (CPA) Introduces Legislation to Simplify Tax Return Filing
Today, Congressman Brad Sherman, CPA, senior member of the Financial Services Committee, and former Chair of the nation’s second largest tax agency introduced the Tax Filing Simplification Act of 2017 with Representatives Don Beyer (D-VA), Grace Napolitano (D-NY), Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), Tim Ryan (D-OH), and Tom Suozzi (D-NY). The bill is based on legislation introduced in the U.S. Senate by Senator Elizabeth Warren (D-MA). Read More.
Congressman Sherman Reacts to Davis-based Imam’s Anti-Semitic and Anti-Israel Remarks
On July 21 during Friday prayers, Imam Ammar Shahin, delivered a sermon at the Islamic Center of Davis, CA where he prayed to Allah to "liberate the Al-Aqsa Mosque from the filth of the Jews" and to "annihilate them down to the very last one." Congressman Sherman released the following statement in response. Read More.
SoCalGas to Renew Injections at Aliso Canyon Without Implementing Strongest Possible Safety Standards
Congressman Brad Sherman released the following statement following the announcement by the California’s Department of Conservation that SoCalGas can resume injections of natural gas into the Aliso Canyon Storage Facility. Read More.
Congressman Sherman Applauds Funding of U.S.-Israel Energy Programs
The House Appropriations Committee approved the FY 2018 Energy and Water Appropriations Bill that includes $2 million in funding for the U.S.-Israel Energy Cooperative Agreement and $4 million in funding for the development of the U.S.-Israel Energy Center. Read More.
Congressman Sherman Urges Stronger Regulation of Natural Gas Storage Facilities
Today, Congressman Brad Sherman (D-Sherman Oaks) sent a letter to the Department of Conservation (DOC) advocating for improvements to the Division of Oil, Gas, and Geothermal Resources (DOGGR)’s proposed regulations of natural gas storage facilities in California. Read More.
Congressman Sherman Introduces Article of Impeachment: Obstruction of Justice
Today, Congressman Brad Sherman (D-CA), joined by Congressman Al Green (D-TX), introduced an Article of Impeachment (H. Res. 438) against President Donald J. Trump for High Crimes and Misdemeanors. The Article is based on Article 1, dealing with “Obstruction of Justice,” which was passed by the Judiciary Committee on a bipartisan vote on July 27, 1974, regarding Richard M. Nixon. Sherman circulated a draft Article on June 12, 2017, and has been conferring with colleagues and legal experts from around the country since then. Read More.
Congressman Sherman Responds to CFPB’s Decision to Ban Arbitration Clauses that Prevent Consumers from Joining Together to Combat Fraud
Today, the Consumer Financial Protection Bureau (CFPB) announced that financial institutions, such as Wells Fargo, will no longer be allowed to force consumers to use arbitration to settle group disputes. Currently, banks and credit card companies insert arbitration clauses in their contracts to prevent customers from filing class-action lawsuits in the case of wrongdoing. This practice often discourages consumers from filing lawsuits because of the necessary expense of time, money, and effort. Read More.
Congressman Brad Sherman Hosts Telephone Town Hall
On Thursday evening, over 5,000 Valley residents participated in an interactive “Telephone Town Hall” hosted by Congressman Brad Sherman (D-Sherman Oaks). Read More.
Congressman Sherman Circulates Proposed Article of Impeachment: Obstruction of Justice
Today Congressman Brad Sherman, a twenty-year veteran of the House, circulated an Article of Impeachment to all Members of the House, Democrat and Republican, seeking their input and support. Read More.
Flynn Matter Shows Trump Cares More about Personal Image than National Security
On January 26, Donald Trump learned that his National Security Advisor, Former General Michael Flynn, had indeed talked to the Russian Ambassador about sanctions against Russia. Since Flynn had previously lied about these conversations to the administration and the American people, Russia could have blackmailed him by threatening to publish the transcripts or tapes of the phone calls. Read More.
Sherman Addresses Over 1,300 at Valley Town Hall
An overflow crowd of over 1,300 people was in attendance at the Valley’s largest High School auditorium to listen to Sherman answer questions covering health care, social security, foreign policy, and many questions surrounding President Donald Trump. Read More.
Does the IRS Owe You Money?
As taxpayers rushed to file last-minute returns by tonight’s midnight deadline, Congressman Brad Sherman is helping Californians uncover over $250 million in old refunds that are just waiting to be delivered to over 97,000 Californians. Nationwide there’s an estimated $3 billion in unclaimed refunds for the 2013 to 2015 tax years. Three individuals each stand to receive more than $150,000. Read More.
Congressman Sherman Responds to U.S. Strike on Assad Regime
Congressman Brad Sherman, a senior Member of the House Foreign Affairs Committee released the following statement in response to Syrian chemical attack on Khan Shaykhun and the American response on Shayrat Air Base: “We should have three goals in Syria: Protect the Syrian people, Destroy ISIS, Preserve the Chemical Weapons Convention that bans poison gas and chemical weapons. All while limiting the risks of U.S. causalities or a wider war with Russia. Read More.
Congressman Sherman Introduces Legislation to Provide Consumer Protections to Homeowners that ‘Go Green’
Today, Congressman Brad Sherman, a senior member of the Financial Services Committee, joined Congressman Ed Royce (R-CA) in introducing legislation to increase transparency for homeowners who take out loans to make environmentally-focused home improvements. Read More.
Congressman Sherman: Hypocritical for Republicans to Run from CBO Report
Today, the Congressional Budget Office released its report on the House Republicans’ health care plan. Congressman Brad Sherman released the following statement in response to the report. Read More.
Sherman Calls on AG Sessions to Resign
"Jeff Sessions should never have been confirmed, and for so many reasons he should resign immediately."
With the ongoing uncertainty over immigration laws in our country, I and my staff are here to help with any questions you may have regarding documentation and the current laws. Read More.
AQMD Settlement with SoCal Gas Shortchanges Porter Ranch, says Sherman
Congressman Brad Sherman, who lives about as close as anyone to the Porter Ranch gas leak site, issued the following statement following the announcement of the Aliso Canyon gas leak settlement. Read More.
Congressman Sherman’s Statement for Tonight’s Public Meeting on Safety at Aliso Canyon
Tonight, the Department of Conservation’s Division of Oil, Gas, and Geothermal Resources (DOGGR) will hold a public meeting regarding the well safety review at the Aliso Canyon Natural Gas Storage Facility. Below is Congressman Brad Sherman’s statement prepared for delivery. Read More.
Congressman Sherman: Fire Bannon for Barring Permanent Residents
Congressman Brad Sherman released the following statement regarding President Donald Trump’s controversial travel ban that was signed on January 27, 2017: The President’s executive order on travel and the refugee program is largely unconstitutional, immoral, and is ineffective.
Congressman Sherman Remains Top Democrat on Asia Subcommittee; Named to Subcommittee Dealing with Russia
Today, Congressman Brad Sherman, the second-ranking Democrat on the House Foreign Affairs Committee and senior member of the House Financial Services Committee, announced new Foreign Affairs Subcommittee roles for the 115th Congress. Read More.
Congressman Sherman Calls for Special Counsel to Investigate Russian Hacking and Possible Collusion
Following this morning’s classified bipartisan briefing on Russian interference in U.S. Elections, Congressman Brad Sherman sent a letter to Attorney General Loretta E. Lynch requesting the appointment of a Special Counsel on interference with the U.S. democratic process. Read More.
Sherman Requests Classified Briefing on Russian-led Hacking
In a letter sent to President Barack Obama, Congressman Brad Sherman, a senior Member of the House Foreign Affairs Committee, requested a classified briefing for all members of the U.S. House Representatives at the start of the 115th Congress on Russian hacking, selective email leaks, falsified media reports, and other activities that affected the 2016 U.S. election. Read More.
Federal Agency Issues Natural Gas Storage Safety Regulations
Following through on a promise made by President Barack Obama to Congressman Brad Sherman last January, PHMSA, the relevant federal agency, issued a proposed Interim Final Regulation which will become binding on the industry before January 20, 2017. Read More.
Sherman and Brown Introduce Bill to Provide Justice to Wells Fargo Victims
Congressman Brad Sherman (D- Sherman Oaks) and Senator Sherrod Brown (D-Ohio) introduced the Justice for Victims of Fraud Act of 2016. The bill will close a Wells Fargo forced arbitration loophole by preventing Wells Fargo from applying its mandatory arbitration clauses to the millions of fake accounts created without customer consent. Read More.
Sherman Responds to SoCalGas Push to Resume Operations at Aliso Canyon in Porter Ranch
Congressman Brad Sherman issued a statement after SoCalGas announced it completed testing or sealing all 114 wells and has requested authorization from the State of California to resume injections in the underground gas storage facility at Aliso Canyon. Read More.
Sherman Responds to Natural Gas Storage Safety Report
The Pipeline and Hazardous Safety Materials Administration (PHMSA) will be moving forward with federal regulations for natural gas storage based on the Task Force’s recommendations. Sherman issued a statement after the Interagency Aliso Canyon Task Force on Natural Gas Safety unveiled its official recommendations. Read More.
Sherman Celebrates Completion of Backbone Trail
Congressman Brad Sherman (D-Sherman Oaks) along with the National Parks Service and several elected officials, including former Governor Arnold Schwarzenegger, celebrated the completion of the 67-mile backbone trail which traverses the Santa Monica Mountains. Read More.
Sherman Criticizes SoCalGas For Defying County Department of Public Health
SoCalGas Defies Directive to Pay for Safety Cleaning Protocol
The Southern California Gas Company (SoCalGas) defied a directive from the L.A. County Department of Public Health by announcing that SoCalGas will not clean homes of residents affected by the natural gas leak in Porter Ranch. Read More.
Congressman Sherman Holds Town Hall Meeting
On Sunday, April 3rd, 2016, Congressman Brad Sherman hosted a town hall meeting at Granada Hills Charter High School, fielding questions from some of the approximately 500 constituents who attended. Congressman Sherman gave an update on the recently capped gas leak in Porter Ranch, including details of how his office can help families and businesses affected by the leak. Read More.
17 Members Cosponsor Sherman’s Gas Storage Safety Act
Sherman Oaks – Congressman Sherman (D-CA), who lives in the Porter Ranch community (site of the largest natural gas leak in history), announced that 17 members of Congress now support his Gas Storage Safety Act. Read More.
Porter Ranch Gas Leak Update:,
How We Can Help:
You may be eligible for: air purification and weatherization, relocation and expense reimbursement, school transportation, or claims for harm or injury as a result of this incident. Businesses affected by the leak may be eligible for SBA loans. Read More.
Sherman to Introduce Natural Gas Storage Safety Act
Congressman Sherman (D-CA), who lives in the Porter Ranch community (site of the largest natural gas leak in history), will introduce the Natural Gas Storage Safety Act, legislation designed to prevent future gas leaks. Read More.
Congressman Sherman Hosts Telephone Town Hall
Residents Express Concerns Over Gas Leak
Over nine thousand Valley residents participated in an interactive “Telephone Town Hall” hosted by Congressman Brad Sherman. The Congressman addressed constituents’ questions and concerns on a wide variety of topics, including the Porter Ranch gas leak, domestic terrorism, combating ISIS, U.S. foreign policy in Syria and the Middle East, the Iran nuclear negotiations, healthcare, and the environment. Read More.
Congressman Sherman Commends Gov. Brown on Declaring 'State of Emergency'
Congressman Brad Sherman (D-Sherman Oaks) commended Governor Jerry Brown’s decision to declare a state of emergency regarding the leaking gas well at Southern California Gas Co.’s (“SoCalGas”) storage facility above Porter Ranch. Congressman Sherman’s staff informally urged Governor Brown’s office to help persuade Governor Brown to make this decision last week, and sent a formal detailed letter earlier today. Read More.
House Passes Posey-Sherman "Policyholder Protection Act"
The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) passed the House. 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.
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:
https://www.FannieMae.com/loanlookup/ or httpss://ww3.FreddieMac.com/corporate/, or calling 1-800-7FANNIE or 1-800-FREDDIE.
For more information you can also visit: https://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.
The President’s executive order on travel and the refugee program is largely unconstitutional, immoral, and is ineffective.
Join me on Facebook
Follow Me on Twitter
Incurred Deficit January 1, 1980 - To Date