Released: May 04, 2009

As foreclosures surge ...

Source: New York Times (Free Registration)

he Obama administration sat by last week as 12 Senate Democrats joined 39 Senate Republicans to block a vote on an amendment that would have allowed bankruptcy judges to modify troubled mortgages. Senator Obama campaigned on the provision. And President Obama made its passage part of his antiforeclosure plan.

Read Full Article: As foreclosures surge ...