Senate passes mortgage rescue plan# Stock
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WASHINGTON (AP) -- A mortgage rescue to help hundreds of thousands of strugg
ling homeowners avoid foreclosure and get more affordable, safer loans passe
d the Senate overwhelmingly Friday, but it faces a bumpy road amid continuin
g turmoil in the housing market.
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The 63-5 vote reflected a keen interest by Democrats and Republicans to send
election-year help to distressed homeowners with economic issues topping vo
ters' concerns.
The plan lets homeowners buckling under mortgage paym
ling homeowners avoid foreclosure and get more affordable, safer loans passe
d the Senate overwhelmingly Friday, but it faces a bumpy road amid continuin
g turmoil in the housing market.
ADVERTISEMENT
The 63-5 vote reflected a keen interest by Democrats and Republicans to send
election-year help to distressed homeowners with economic issues topping vo
ters' concerns.
The plan lets homeowners buckling under mortgage paym