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Mortgage ‘cram-down’ bill may aid 1 million in U.S.

Piping and wiring sit on an abandoned housing development in Merced, Calif., last month. Photo by Kevin Thrash, Bloomberg NewsAt least 1 million Americans would be able to use bankruptcy to reduce mortgage payments under legislation approved by the U.S. House last week, part of Democratic efforts to stem a crisis that has erased more ...

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