A bipartisan group of U.S. senators from states affected by Chinese drywall is hoping to pass a Senate resolution to encourage banks and mortgage companies to delay or suspend mortgage payments, penalty-free, for homeowners with the tainted drywall. The resolution notes that thousands of families have moved out of their homes and are living in temporary housing, many juggling two housing payments while the Chinese drywall crisis is being resolved.
The senators pushing for the resolution include Sens. Bill Nelson and George LeMieux of Florida, Jim Webb and Mark Warner of Virginia, and Mary Landrieu and David Vitter of Louisiana.
For the full story, go to the Miami Herald.