In this video press release, Assembly Financial Institutions and Insurance Chair Gary S. Schaer (D-Passaic), Vice-Chair L. Grace Spencer (D-Essex) and Assemblyman Daniel R. Benson (D-Mercer) discuss their impressions following a joint hearing of the financial panel and the Assembly Housing and Local Government Committee regarding the Christie Administration's failure to aid New Jersey families facing foreclosure.
New Jersey has the nation's second highest rate of foreclosure, yet the Christie administration has dragged its feet in distributing $300 million in federal foreclosure aid to homeowners in need.
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