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...
Senate Leaders Forge Deal On Housing Bill
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