Housing and Economic Recovery Act of 2008 FAQ

Q: How will the law help struggling homeowners keep their homes? A: Through the Federal Housing Administration (FHA), an estimated 400,000 borrowers in danger of losing their homes will be able to refinance into more affordable government-insured mortgages. The...
Federal Mortgage Assistance Programs

Federal Mortgage Assistance Programs

FEDERAL PROGRAMS The Housing and Economic Recovery Act, Public Law 110-289, was passed on July 30, 2008. It created the HOPE for Homeowners program. It is effective from October 1, 2008 to September 30, 2011.  In February 2009, President Obama introduced the Making...