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Tuesday, June 18, 2024

Senate rejects bankruptcy revamp on housing

WASHINGTON (Reuters) - The U.S. Senate on Thursday voted against adding an amendment to a housing market rescue bill that would have given bankruptcy judges the power to ease mortgage payment terms for some distressed borrowers.

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WASHINGTON (Reuters) – The U.S. Senate on Thursday voted against adding an amendment to a housing market rescue bill that would have given bankruptcy judges the power to ease mortgage payment terms for some distressed borrowers.