Investor's Business Daily - Lawmakers voted 266-155 to create a $300 bil fund to help curb foreclosures, offering lenders a gov't guarantee if they write down principal. The bill also would give a $7,500 tax credit for 1st-time home buyers. Separate legislation passed Thu. that would send $15 bil to local communities hit hard by the mortgage crisis to help them buy and fix abandoned homes. President Bush has threatened to veto both bills, but the White House has said it supports some provisions and is open to a compromise. ...
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