House Vote Set on Mortgage Modification

** FILE ** In this July 2, 2008 file photo, a foreclosed home is seen for sale in Sacramento, Calif. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday, Sept. 5, 2008. (AP Photo/Rich Pedroncelli, file)

WASHINGTON (AP) - House Democrats are set to try to push through
a bill aimed at helping certain people who face foreclosure keep
their homes.
The bill was modified after some Democrats raised concerns. At
its heart, it still allows bankruptcy judges to rewrite mortgages
for people fighting to stay in their homes.
New York Congresswoman Carolyn Maloney says the goal is to stem
the tide of foreclosures. She says modifying loans is critical to
getting the housing industry back on its feet.
One new provision requires bankruptcy judges to take into
account whether the lender offered a reasonable reworking of the
And homeowners have to show that they made a concerted effort to
have their loan modified.
The Obama administration says the mortgage relief bill
complements the Making Home Affordable program it unveiled

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