The House today approved mortgage "cramdown" legislation (HR 1106, the Helping Families Save Their Homes Act of 2009) that would allow homeowners facing bankruptcy to seek mortgage relief. The final vote was 234-191. Congressman Neil Abercrombie and Congresswoman Mazie Hirono both voted yes.
Read the Wall Street Journal article here.
View the bill here.
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Contact:
- Hawaii Credit Union League
- Stefanie Sakamoto
Legislative Officer
(808) 203-6409
ssakamoto@hcul.org