Your Legislators: Garrett Says Government Should End Mortgage-Backing Policy

Rep. Scott Garrett (R-NJ), Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, has publicly stated he has major concerns with the government underwriting mortgage powerhouses Fannie Mae and Freddie Mac, which he says is contributing to billions in unnecessary taxpayer expenses every quarter.

“It will be the goal of this subcommittee to ensure that we put an end to this destructive and costly housing finance policy and replace it with a system going forward that protects taxpayers and actually strengthens communities instead of destroying them," Garrett said.

He stated the goals in reform should be to "protect taxpayers," end the bailout, get private capital "off the sidelines", and reduce the government's exposure to the housing market.

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District 39 Assemblyman Robert Schroeder posted on his blog this week about how the New Jersey Division of Consumer Affairs is now accepting claims for reimbursement of towing fees from motorists stranded on designated New Jersey roadways during the declared state of emergency in late December.

If at any point from Sunday, Dec. 26 at 3 p.m. to Monday, Dec. 27 at 9 p.m. your vehicle became stranded and subsequently towed from a state roadway such as a state highway, interstate highway, the Garden State Parkway, the New Jersey Turnpike or the Atlantic City Expressway, you may be eligible to receive a reimbursement for those towing expenses.

To see if you are eligible, follow this link to the Department of Law & Public Safety’s Division of Consumer Affairs page for more information. Remember, you must click BOTH boxes in order to qualify.