Two cross lines on foreclosure bill


Two North Carolina Congressmen went across party lines on a housing bill.

The U.S. House of Representatives voted 234-191, primarily along party lines, to pass a housing bill that aims to prevent foreclosures by helping struggling homeowners. 

One of the bill's provisions would allow bankruptcy judges to modify the existing terms fo mortgages for homeowners, allowing them to pay off debts over three to five years' time.

U.S. Rep. Walter Jones, a Republican, voted with the Democrats in favor of the bill, while Rep. Larry Kissell, a Democrat, voted with the GOP against it. 

The bill includes language that was written by U.S. Rep. Brad Miller, a Raleigh Democrat, while working with the Center for Responsible Lending in Durham.

The bill now goes to the Senate. (N&O)

You must be logged in to post a comment on this blog. If you already have an N&O online user account, click here to log in. Otherwise, click here to register (it's free!).