House passes mortgage rewrite bill MortgagePress.comHouse of Representatives, HR 1106, mortgage modifications, bankruptcy
The House of Representatives has passed the mortgage rewrite
legislation, HR 1106, by a vote of 234-191. The legislation passed
after members added provisions to the legislation designed to
require homeowners to attempt to workout mortgage modifications
with their lenders before seeking rewrites through bankruptcy
proceedings. The Senate is expected to take up the bill before the
end of March.
For a copy of the bill, click here.