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Obama Kills Bill Which Would Have Made It More Difficult for Homeowners to Challenge Foreclosures

Obama Kills Bill Which Would Have Made It More Difficult for Homeowners to Challenge Foreclosures

Caren Bohan and Scot J. Paltrow

WASHINGTON - President Barack Obama killed proposed legislation on Thursday that struck at the heart of growing political rage over how banks have moved to evict struggling borrowers from their homes.

The bill, which would have made it more difficult for homeowners to challenge foreclosures, came under the spotlight this week as the furor grew over disclosures that some of the biggest U.S. mortgage processors filed false affidavits in thousands of foreclosure cases.