But bill is unlikely to clear Senate
(NEWSER) - The House of Representatives yesterday passed a bill that would kill off President Obama’s top foreclosure prevention program, in a 252-170 vote that broke mainly along partisan lines. Republicans said the Home Affordable Modification Program, which gives banks incentives to modify mortgages, had proven ineffective, helping less than 600,000 borrowers—a far cry from the 3 million to 4 million the Obama administration had originally hoped for. More»
