Senate ad hoc Committee Hammers out Housing Rescue Bill
With what surely passes as warp-speed on Capitol Hill, the Senate on
Wednesday afternoon reached tentative bi-partisan accord on a wide-
ranging housing bill.
On Tuesday afternoon the Senate
voted 94-1 to move forward on legislation to help homeowners facing
foreclosure.
If the legislation is adopted there will be a $7,000
one-year tax credit for purchasers of foreclosed home - a
compromise, the Democrats had
Under the new bill the cap on mortgages insured by the Federal
Housing Administration (FHA) would be set at …
Original post by Mortgage News Daily - Mortgage And Real Estate News
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