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Durbin Discusses Foreclosure Crisis, Mortgage Bankruptcy Reform with Housing Secretary Nominee
WASHINGTON, D.C. - January 15, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) met with Shaun Donovan, President-elect Barack Obama’s nominee to head the Department of Housing and Urban Development (HUD), today, where he discussed the foreclosure crisis with the nominee and confirmed Donovan’s support of Durbin’s Helping Families Save Their Homes in Bankruptcy Act, a bill that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy
