Senate Rejects a Proposal to Allow Bankruptcy Judges to Alter Home Mortgages

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At www.nytimes.com

The proposal to let bankruptcy judges alter loan terms on primary homes, as they can already do on vacation homes and investment properties, was the most controversial in a series of amendments to the larger housing measure. It faced stiff opposition from many Republicans as well as the banking and mortgage loan industries.

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At www.nytimes.com


 

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