Senate Democrats Push Foreclosure Relief Measures

By: AP
By: AP

Senate Democrats push foreclosure relief measures

CAPITOL HILL (AP) - The Senate today takes up a housing bill
that aims to ease the nation's foreclosure crisis.
Provisions include four billion dollars for communities to buy
and fix-up foreclosed homes. It also seeks to improve the way
subprime mortgage loans are disclosed to borrowers so they aren't
surprised by big payment increases.
The bill is being pushed by majority Democrats, but Republicans
could block it again as they did in February.
Democrats say they're open to some GOP options, including tax
credits for people who buy and move into foreclosed homes.
But the White House says spending four billion dollars on
foreclosed homes would be too expensive and would essentially be a
"bailout" for lenders, while doing little for homeowners.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 17186846 - kbtx.com/a?a=17186846