Mortgage applications cool off

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Foreclosure bill faces Senate test

26.02.2008 00:40

NEW YORK (CNNMoney.com) -- Foreclosure gets Congress' attention Tuesday when the Senate decides whether to end debate on a bill aimed at helping homeowners avoid losing their homes.

The Foreclosure Prevention Act of 2008's most important - and - provision would allow judges to reduce mortgage balances for at-risk borrowers to current market prices.

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