Wednesday, February 20, 2013

Mortgage bill faces tough road in Congress - DailyHerald.com

WASHINGTON — A sharply divided Congress isn't likely to jump at President Barack Obama's challenge for quick passage of a mortgage refinancing bill that supporters say could help millions of homeowners save big each year and boost the economy.

Obama praised the legislation in his State of the Union speech last week, saying the proposal would help more homeowners with mortgages backed by Fannie Mae and Freddie Mac take advantage of low interest rates and refinance their loans.

Read more: Mortgage bill faces tough road in Congress - DailyHerald.com

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