House passes bill to let judges rewrite mortgages (AP)

A foreclosure sign is posted in front of a townhouse in Herndon, Virginia. US mortgage woes hit fresh highs in the fourth quarter of 2008 with more than one out of 10 homeowners late on their payments, an industry survey showed Thursday.(AFP/File/Paul J. Richards)AP – The House has passed legislation to give debt-strapped homeowners a chance to win lower mortgage payments through bankruptcy courts.


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