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WASHINGTON — More than 15 civil rights, consumer and housing groups joined together to issue a statement condemning the U.S. Senate for refusing to include changes in the bankruptcy code in the Foreclosure Prevention Act.

“Any final bill hammered out between the U.S. House and Senate that is a serious effort to stem the foreclosure crisis must include meaningful relief to families to modify their mortgage in bankruptcy,” the statement said. “Bankruptcy relief will stabilize communities, keep more than half a million families in their homes and provide lenders at least as much income as they would receive through foreclosure.”

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Peter Westerman

 

Credit Union Times

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