Sen. Jeff Merkley asks Obama for sharper focus on foreclosure crisis | OregonLive.com: "WASHINGTON - With the housing market still sputtering in Oregon and across the nation, Sen. Jeff Merkley asked President Obama on Thursday to renew his focus on the crisis and to spell out his plans in Tuesday's State of the Union address.
"Addressing the foreclosure crisis is essential to our families and our economy,'' Merkley says in his two-page letter to Obama.
'Nearly three years have passed since the housing bubble burst, the unemployment rate skyrocketed, and our economy began its sharp decline. While some sectors of the economy are beginning to show signs of recovery, the nation’s housing market continues to struggle. Indeed, foreclosure filings continue at a pace of over 300,000 per month, devastating families across our nation,' he writes."