Sept. 30, 2016, U.S. Sen. Cory Booker along with U.S. Sen. Robert Menendez announced they have introduced the Homeowner Foreclosure Reduction Act of 2016, legislation that would help keep families in their homes by providing nonprofit organizations and local governments an opportunity to increase their purchase of non-performing loans from Fannie Mae, Freddie Mac and the Federal Housing Administration . “The recession and financial crisis put unprecedented strain on New Jersey homeowners.
