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Senate Passage of Omnibus Housing Bill Seems Likely Although Parliamentary Maneuver Stalls Movement
The Senate inched closer to wrapping up an historic housing bill that would expand the federal government’s role in the mortgage market. But an eleventh hour parliamentary maneuver stalled final passage of the Foreclosure Prevention Act of 2008 as we went to press on Thursday. The results of a compromise negotiated by Sens. Chris Dodd, D-CT, and Richard Shelby, R-AL, the ambitious...
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