White House Threatens To Veto Anti-Foreclosure Bill
According to Mark Huffman, with ConsumerAffair.com, the White House has threatened to veto a bill which would help those who are being affected by the foreclosure crisis.
Mr Huffman states:
“The White House is threatening to veto a measure that would spend $300 billion to help distressed homeowners avoid foreclosure. The House passed the measure last week while a similar bill is making its way through the Senate.
The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221), authored by Rep. Barney Frank (D-MA), is aimed at expanding federal programs available to distressed homeowners. The White House says the plan rewards speculators and lenders who make shaky loans.”
Read the full article at:
http://www.consumeraffairs.com/news04/2008/05/foreclosures_bush.html
