He has now changed it, due to the Senate staying in Session during the break.
Portion of Article:
The White House issued a statement Friday clarifying President  Obama's "pocket veto" of legislation that consumer advocates worried  would have made it more difficult for homeowners to fight fraudulent  foreclosures. 
Some have been skeptical  that a pocket veto, which allows the president to kill legislation  simply by not signing it when Congress is not in session, was available  because the Senate has, in fact, been holding pro-forma sessions.
So instead of just not signing the bill, Obama is also sending it back to the House, making it a "protective return" veto. 
"To leave no doubt that the bill is being vetoed," said Obama in a statement,  "in addition to withholding my signature, I am returning H.R. 3808 to  the Clerk of the House of Representatives, along with this Memorandum of  Disapproval."
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