A bill that would set mortgage standards and aims to curb predatory lending practices was easily passed by the House Thursday on a 300-114 vote, with the support of all but three participating members of the Democratic majority, as well as 60 Republicans.
And the measure proved popular with members from partisan swing districts.
Of the 34 Republican lawmakers from districts that split their tickets to back Democrat Barack Obama in the 2008 election, 25 (or 74 percent) voted for the bill.
The bill was drew much less support, on a percentage basis, from members whose districts went Republican both for president and the House last year. "Aye" votes were cast by just 35 of the 144 Republicans (24 percent) from districts that favored Republican John McCain over Obama.
A mirroring phenomenon occurred among the Democrats who opposed the bill, although there were less than a handful of them. Two of the three Democratic "no" votes came from Alabama's Bobby Bright and Arizona's Ann Kirkpatrick -- who are among the 49 House Democrats from districts that split to favor McCain for president.
The third Democratic "no" came from Kurt Schrader of Oregon's 5th District, which favored Obama last year but narrowly backed President George W. Bush's re-election in 2004.
Here's a list of the 25 Obama district Republicans who voted for the bill: Dan Lungren, David Dreier, Ken Calvert, Mary Bono Mack and Brian P. Bilbray of California; Michael N. Castle of Delaware; C.W. Bill Young and Ileana Ros-Lehtinen of Florida; Mark Steven Kirk and Judy Biggert of Illinois; Tom Latham of Iowa; Fred Upton, Mike Rogers and Thaddeus McCotter of Michigan; Lee Terry of Nebraska; Frank A. LoBiondo and Leonard Lance of New Jersey; John M. McHugh of New York; Pat Tiberi of Ohio; Jim Gerlach and Charlie Dent of Pennsylvania; J. Randy Forbes and Frank R. Wolf of Virginia; Dave Reichert of Washington; and Tom Petri of Wisconsin.
CQ reporter Phil Mattingly wrote that the bill would "prohibit a mortgage originator from steering consumers to residential mortgage loans that the home buyer clearly cannot repay, and it would require lenders to retain at least 5 percent of any mortgage sold off to a third party."
![[ARCHIVES]](http://blogs.cqpolitics.com/templates/images/archives_icon.png){kind=icon}
Post A Comment