Posts Tagged ‘Senator’
KO Countdown : Foreclosure 090501 : Senate Back Bank
MSNBC Countdown Foreclosure 2009-05-01 Senate backs banks on foreclosure bill May 1: A bill that would have reduced the risk of foreclosure for some homeowners didnt come to pass due to the votes from about a dozen Democratic senators. Blogger Arianna Huffington talks about the showdown on the Senate floor.
Adding Foreclosure Prevention to Economic Stimulus
US Senator Mel Martinez (R-FL) today spoke during Senate debate on the Economic Stimulus plan to argue housing assistance, specifically in the area of foreclosure prevention, should be part of the overall package. Senator Martinez introduced an amendment to provide private mortgage companies incentives to help troubled homeowners rework their loans. The senator also supports adding tax breaks for would-be homebuyers to spark a reduction in housing inventory.