Harry Reid on Should the government provide financial assistance to homeowners facing foreclosure?

Reid sponsors S.2636

Reid sponsors S.2636, which among other things, would change the bankruptcy code to allow judges to modify mortgages of debtors. This title could help more than 600,000 financially-troubled families keep their homes by allowing them to modify their mortgages in bankruptcy. It eliminates a provision of the bankruptcy law that prohibits modifications to mortgage loans on the debtor’s principal residence for homeowners who meet strict income and expense criteria.

S.2636
Title: A bill to provide needed housing reform.
Sponsor: Sen Reid, Harry [NV] (introduced 2/13/2008) Cosponsors (25)
Latest Major Action: 2/14/2008 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 577.
 

Posted on 3/8/2008 4:54:52 PM by heather27Approved 4/17/2008 3:34 PM