 Washington Times |
Mortgage reduction bill fails in Senate
Los Angeles Times, CA The vote was 51 to 45, with 12 Democrats joining Republicans in opposing the proposal, under which bankruptcy judges could order lenders to reduce the principal on home mortgages. The proposal, which sailed through the House in March, was a key part of … Senate Refuses to Let Judges Fix Mortgages in Bankruptcy Senate Mortgage ‘Cram-Down' Bill Headed to Defeat as Banks Balk The Cram-Down Smackdown |
