During one of the worst recessions in a generation, the rate of foreclosures in Maryland grew 38.9% from the third to the fourth quarter of 2007, as 9,722 Maryland households entered the foreclosure process.

The issue of foreclosures hit Southern Maryland particularly hard. John co-sponsored several laws to stabilize the mortgage market and protect consumers by banning pre-payment penalties for sub-prime loans and the transfer of real estate in foreclosure rescue scams.

John also sponsored a bill that criminalized mortgage fraud by lenders and borrowers. Taken together, these reforms will help stabilize the housing market in Maryland, without bailing out investors.

Do you have something you'd like to say? The American process works best when citizens communicate their thoughts to their government. As a public servant, I work for you. In order to do the best job I can, I must hear what you think.

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