Tag Archives: Mortgage Bill

House Financial Services Committee Approves Bill

by gina gardner on 01. May, 2008 in Politics

New legislation that will enable the government to finance $300 billion of troubled mortgages was just approved by the House of Representatives Financial Services Committee. It includes a mandate to FHA to guarantee loans on properties that have declined in value since the mortgage was taken out.
OK, we’re talking about properties with “distressed” mortgages, [...]

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