Mortgage Bill on House Fast-Track - This new bill will assist Fannie and Freddie and help at-risk borrowers. Treasury Secretary Henry Paulson states that this is the mortgage bill that will save our economy.

The new bill will cover these areas

• Increase the Federal Housing Administrations role
• Create a stronger regulator for the GSEs
• Permanently increase “conforming loan” limits
• Create home buyer credit
• Bars downpayment assistance for FHA loans

This entry was posted on Wednesday, July 23rd, 2008 at 1:12 pm and is filed under Mortgage & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.