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H.R. 5830

House Passes Comprehensive Housing Package

by Moe Bedard

Washington, DC – The U.S. House of Representatives today passed the most comprehensive response yet to the American mortgage crisis.  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 [...]

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Will the FHA Housing Stabilization and Homeownership Retention Act Save Homeowners?

by Moe Bedard

Forbes:
Committee Chairman Barney Frank of Massachusetts has said the bill, the Housing Stabilization and Homeownership Retention Act, could be up for a vote by the House as early as next week.
Under the bill approved today, a voluntary program would be created that would allow the Federal Housing Administration (FHA) to insure up to 300 bln [...]

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Financial Services Committee Approves FHA Housing and Homeowner Retention Act

by Moe Bedard

Washington, DC – {The House Financial Services Committee today approved H.R. 5830, the FHA Housing and Homeowner Retention Act, by a bipartisan vote of 46 to 21.  The legislation, authored by Committee Chairman Barney Frank, will expand the FHA program to help refinance at-risk borrowers into viable mortgages.  The bill also requires the Federal Reserve [...]

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Economic and Housing Rescue Legislation Introduced in the House

by Moe Bedard

 Mark up of both measures set for April 23rd and 24th
Washington, DC – In response to the nationwide economic downturn caused by the housing and credit crisis, members of the House Financial Services Committee today introduced legislation to combat the unprecedented rise in foreclosures, and the associated impact on cities and states.  The legislation first [...]

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