Foreclosure-Relief Bill Stalls Before House Vote

By M. Morris,  Newser Staff
Posted Feb 26, 2009 3:09 PM CST
A for-sale sign lies on the ground in front of a boarded-up vacant home in North Las Vegas, Nev., Feb. 18, 2009.   (AP Photo)
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(Newser) – Legislation that would allow bankruptcy judges to reduce the principal on mortgages of homes in danger of foreclosure will not come up for its scheduled House vote today because Democratic infighting has broken out, endangering its passage, CQ Politics reports. The “cramdown” provision was a red flag for fiscal conservatives, who aired their concerns in a caucus meeting this morning.