Lawmakers were urged Monday to pass a measure aimed at ending the downward spiral of home foreclosures in Nevada, which has the highest foreclosure rate in the nation.

Assembly Speaker Barbara Buckley, D-Las Vegas, told the Senate Commerce and Labor Committee that her AB149 would mandate good-faith mediation between lenders and borrowers, and has drawn bipartisan support from legislators and widespread backing from the business community.

Buckley said the process and information provided by the measure is important to help Nevada’s housing market to recover.

* Full story available on The Mercury News