The White House has announced President Obama won’t sign a congressionally approved bill that could have made it easier for banks to foreclose on homeowners. Consumer advocates had criticized the measure over a provision that would have limited homeowners’ ability to challenge foreclosure documents prepared in other states. The White House move comes amidst growing calls for a nationwide moratorium on home foreclosures following revelations major lenders may have committed fraud while forcing thousands of people out of their homes.
Obama Won’t Sign Foreclosure Bill
HeadlineOct 08, 2010