The House sent the Senate sweeping legislation Thursday aimed at slowing the pace of foreclosures and stimulating the real estate market.
House Financial Services Chairman Barney Frank , D-Mass., who authored the centerpiece of the House package, won 39 Republican votes on the floor but fell short of the two-thirds majority that would be needed to override a veto.
Members approved the legislation as three separate amendments to the Senate-passed housing measure (HR 3221).
Lawmakers adopted, 266-154, the heart of the package — an amendment that combined several major pieces of legislation. They are an overhaul of mortgage finance companies Fannie Mae and Freddie Mac, a modernization of the Federal Housing Administration and an expansion of the FHA’s loan programs aimed at helping borrowers get out from under mortgages they can’t afford.
Actually, Frank Wolf voted against the bill twice, on Roll Call 301 and Roll Call 303. Oddly, Wolf voted yes on Roll Call 302. I guess you could say that Frank Wolf was for the Foreclosure Prevention Act both after AND before he was against it. Now THAT is leadership! :)