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: Bad Cop News

House Passes $15 Billion Bill Targeting Homes - Rewards Lenders And Speculators Who Foreclose On Homes

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WASHINGTON, DC - The House has approved sending states $15 billion to buy and fix up foreclosed properties. The vote Thursday was 239-188 to approve the bill, which most Republicans opposed. It would provide loans and grants to areas hit hardest by the housing crisis. Supporters say the legislation will prevent neighborhoods around foreclosed homes from sliding [...]

Full post as published by Bad Cop News on May 08, 2008 (boomark / email).

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