Inching Towards Housing Relief


	Inching Towards Housing Relief

Brian Wingfield

4-24-2008 6:59 AM

329 views

tags:

housing, barney frank, mortgage

Brian Wingfield says:

This is but one step along the way in a long legislative process.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ef39ea13-55db-4e9b-86ae-05efd829b919/9A147BFD-DAF6-4949-9954-6DDE8144ED39/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://online.wsj.com/article/SB120899692057339995.html?mod=hps_us_whats_news" href="http://online.wsj.com/article/SB120899692057339995.html?mod=hps_us_whats_news" style="font-size: 11px;">online.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120899692057339995.html?mod=hps_us_whats_news"><P class="times">WASHINGTON -- A House panel Wednesday approved $15 billion in loans and grants for local governments to purchase the growing number of foreclosed homes throughout the country.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120899692057339995.html?mod=hps_us_whats_news"><P class="times">The House Financial Services Committee voted 38-26 in favor of the bill, part of a broader package of housing legislation being pushed this week by House Democrats to address the housing crisis. Earlier Wednesday the panel voted to provide legal protection in certain circumstances for mortgage servicers that work with borrowers facing foreclosure.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120899692057339995.html?mod=hps_us_whats_news"><P class="times">Passage came despite the opposition of some panel Republicans, who argued that using federal funds to buy foreclosed homes could encourage foreclosure.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9A147BFD-DAF6-4949-9954-6DDE8144ED39/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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