Rep. Titus, Treasury highlight efforts to reduce foreclosures

Rep. Dina Titus (D-Nev.) will highlight her work to reduce home foreclosures at an event Friday with a senior Treasury Department official.

Herb Allison, an assistant Treasury secretary, is headed to Las Vegas for a press conference with Titus on the government's efforts to reduce foreclosures and stabilize the housing market in southern Nevada. Allison oversees a $50 billion federal effort to help the housing market, which continues to suffer under mounting foreclosures.

Nevada has been hit particularly hard with the highest rate of foreclosures in the country, according to RealtyTrac. Titus has focused significant attention on the housing crisis, including a TV ad this week that portrays her as helping homeowners stay in their homes.

Titus's congressional district has the eighth highest rate in the country of mortgages that are seriously delinquent (at least 90 days late on payments), according to a Deutsche Bank analysis.

Republicans responded to the ad this week by arguing that Titus "recklessly" spends taxpayer money and that her policies have contributed to the housing crisis.