On the heels of a community meeting Tuesday night (24 April), George Town Central MLA Kenneth Bryan took his push for mortgage reform to the airwaves.
This morning on our sister station Rooster 101’s popular morning radio show ‘Cayman Crosstalk.’ On the show, Mr. Bryan elaborated on a motion he plans to bring to the LA chamber calling for a committee to investigate the mortgage loan process, and recommend legislative change.
He told Cayman 27 petitioning the motion will send a message to his colleagues that it’s an issue not to ignore.
“We don’t have a large population here, so when you have 100 people being foreclosed on in one year with a population of 60 [thousand],” explained Mr. Bryan. “If you equivalate that to a population like the United States, tell me if you think it’s a crisis then. Proportionality and ratio wise, it is a crisis, it is a problem.”
Mr. Bryan said his motion aims to consider the need for an independent body to regulate valuation surveyors, and the role the courts play in foreclosures, among other issues.