Bair has proposed giving homeowners who are 60 days late on their mortgage a chance to reduce high interest rates and extendthelengthofthe loan if they qualify.
Moves to extendthelengthof service to a whole Parliament were defeated by 263 votes to 171, a majority of 92, while the committee will consist of eight members after a move to expand it to 15 members was defeated by 331 votes to 100.