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03/17/11

Senate Committee Delays Foreclosure Mediation Bill Again

Sen. Sheldon Whitehouse (D-R.I.) sponsored the bill. He said in a hearing Thursday that these programs are already in place in Vermont, Rhode Island, Iowa, Connecticut, several districts in New York and Florida. But Republicans opposing the bill filed nearly 20 amendments since February.

Rep. Chuck Grassley (R-Iowa) was adamant that they were not attempting to filibuster the bill.

Most homeowners are unable to find any human being with any authority they could talk to. You would think that was simple," Whitehouse said. "Bankruptcy is no fun. It is expensive. It wrecks your credit. This bill would simply give them someone they can get a hold of. That doesn't seem like it's asking very much."

 

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