Thursday, August 28, 2008

Housing and Economic Recovery Act

President Bush signed into law The Housing and Economic Recovery Act. Most people know that the act is designed to help Fannie Mae and Freddie Mac, as well as help homeowners who are facing foreclosure, but the new law reaches much farther than that.

It includes provisions for a first time homebuyer's tax credit, an update to the FHA loan program, help for our nation's veterans, and much more.

Does the Housing and Economic Recovery Act affect you?

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