Bills could provide incentives for rate-freeze plan

Washington, D.C., lawmakers have bills in play that could provide a carrot -- or a stick -- for lenders and loan servicers to participate in the Bush administration's rate-freeze plan.

Legislation that would allow bankruptcy judges to modify the terms of Chapter 13 debtors' mortgage loans could serve as a stick for lenders to conduct their own workouts, rather than have them imposed on them by a court.

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