« “Hillary to Jeremiah Wright… It’s O.K., You Can Still Be My VP!” | Home | “I’ve Told Them to STOP ALL Investing In Maryland, For Now…” »
U.S. House of Representatives Passes Its Response To The Mortgage Crisis.
By Sherman Ragland | May 12, 2008
WASHINGTON, D.C. – The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools to prevent a repeat of these problems. The legislation combines a number of bipartisan bills including measures to modernize the FHA and reform the GSEs, which will provide crucial liquidity to our mortgage markets now, and also strengthen regulation and oversight for the future. In addition, the housing package will help families facing foreclosure keep their homes, help other families avoid foreclosures in the future, and help the recovery of communities harmed by empty homes caught in the foreclosure process.
For more detailed information about H.R. 5830, the FHA Housing and Homeowner Retention Act, please visit: http://financialservices.house.gov/FHA.html
Popularity: 5% [?]
Topics: Uncategorized | No Comments »
Tags: No Tags
Comments
You must be logged in to post a comment.