Mortgage and Foreclosure Assistance
From the New York Times: "The Senate on Thursday moved to stabilize the battered housing market by approving a bill to provide tax breaks for home builders and other businesses, a $7,000 tax credit for buyers of foreclosed homes, $150 million for counseling borrowers and $4 billion for local governments to buy foreclosed properties."
The Senate passed H.R. 3221, which covers energy issues as well as housing reform, with roll call vote 96. The Senate version of the bill differs significantly from the version passed by the House (the various versions of the bill are available through THOMAS). As a result, the bill will be reviewed by a conference committee.
The next plan for mortgage assistance announced by the Bush Administration is available on the Department of Housing and Urban Development (HUD) website. The plan is an expansion of FHA Secure.
Sources: Herszenhorn, D.M. (11 April 2008). "Senate Approves Housing Relief Bill." New York Times.
Montgomery, L., and ElBoghdady, D. (10 April 2008). "White House Presents Plan To Aid Subprime Borrowers." Washington Post. D01.
The Senate passed H.R. 3221, which covers energy issues as well as housing reform, with roll call vote 96. The Senate version of the bill differs significantly from the version passed by the House (the various versions of the bill are available through THOMAS). As a result, the bill will be reviewed by a conference committee.
The next plan for mortgage assistance announced by the Bush Administration is available on the Department of Housing and Urban Development (HUD) website. The plan is an expansion of FHA Secure.
Sources: Herszenhorn, D.M. (11 April 2008). "Senate Approves Housing Relief Bill." New York Times.
Montgomery, L., and ElBoghdady, D. (10 April 2008). "White House Presents Plan To Aid Subprime Borrowers." Washington Post. D01.
posted by J. Burroughs at 1:15 PM
Subscribe to this feed
0 Comments:
Post a Comment
<< Home