Senate Leaders Forge Deal On Housing Bill

Law360, New York (April 2, 2008, 12:00 AM EDT) -- U.S. Senate leaders in charge of reworking a bill to help homeowners faced with foreclosure due to the subprime mortgage meltdown said Wednesday they were completing a scaled-back proposal in the hopes of breaking a legislative impasse on the measure.

Senate Majority Leader Harry M. Reid (D-Nev.) and Senate Republican Leader Mitch McConnell (R-Ky.) said in a joint statement that legislators on both sides of the aisle had reached an agreement in principle to strengthen the economy by addressing the nationwide foreclosure crisis and that a...
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