Wednesday, April 29, 2009

Vote Expected in Senate on Bankruptcy Mortgage Modification Bill

The Washington Post reports that a vote is expected tomorrow in the Senate on S. 896, the "Helping Families Save Their Homes Act of 2009". Senator Richard Durbin's amendments to S. 896 includes provisions for bankruptcy reform to allow certain modification of mortgages on primary residences.

The Wall Street Journal reports that a defeat it expected unless there is a last minute compromise. Senator Richard Durbin (D, Ill.) is reportedly continuing efforts to reach an agreement with banking leaders.
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