Obama sends bill on sharing of foreclosure and other documents back to Congress

Obama won’t sign foreclosure docs bill

WASHINGTON — The White House says President Barack Obama will not sign a bill that would allow foreclosure and other documents to be accepted among multiple states.

Consumer advocates and state officials had argued the legislation would make it difficult for homeowners to challenge foreclosure documents prepared in other states.

The White House is sending the bill back to Congress for revisions.

Press Secretary Robert Gibbs told reporters Thursday that officials around the country had expressed concerns about “unintended consequences” from the legislation. He said the administration would work with Congress to fix it.