RENO (AP) - Nevada Senators Harry Reid and John Ensign differed
today over sweeping legislation designed to provide mortgage relief
for 400,000 struggling homeowners.
The Senate voted 72-13 to send the bill the President Bush, who has said he would sign it promptly. Reid voted in favor of the measure, while Ensign voted against.
The House passed it 272-152 Wednesday, with Nevada Representatives Shelley Berkley, Dean Heller and Jon Porter all
voting in favor.
According to a report released Friday, Nevada had the highest foreclosure rate among states in the second quarter, and the number of U.S. households facing foreclosure more than doubled compared
with a year ago.
Among other provisions, the measure lets homeowners who cannot
afford their payments refinance into more affordable government-backed loans rather than losing their homes.
(Copyright 2008 by The Associated Press. All Rights Reserved.)