Housing | The Mortgage Fight Has Just Begun

摘要

As the housing crisis deepens and fore -closures mount, a legislative proposal is gathering steam to give bankruptcy judges the authority to modify mortgages held by defaulting homeowners. Incoming President Barack Obama backs the idea. And on Jan. 8 banking giant Citigroup voiced its support for the measure after negotiating three relatively minor alterations.rnOther than Citigroup, though, no major bank has endorsed the bill, which is officially titled the Helping Families Save Their Homes in Bankruptcy Act. Several big trade groups-including the Financial Services Roundtable, the Securities Industry & Financial Markets Assn., and the American Securitization Forum-remain opposed even to the Citigroup compromise.