U.S. Rep. Brad Miller will testify this afternoon before the House Judiciary Committee on his housing foreclosure bill.
The Emergency Homeownership and Equity Protection Act would allow judges to alter the terms of housing loans for some families who have had to file for bankruptcy. It is supported by many housing advocates, but opposed by the mortgage lending industry, Barb Barrett reports.
Miller has been pushing strongly for such provisions for more than a year but has yet to successfully see it become law. He will try again with the economic stimulus package now being debated in Congress.
If that doesn’t work, Miller may try to include his bill in larger legislation focused on housing issues.
Blog RSS feed
