About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

David Lightman, the Washington Bureau Chief for the Hartford Courant recently wrote this regarding the FHA Modernization Act of 2007:

WASHINGTON – The Senate Banking Committee today agreed on compromise legislation that will make it easier for consumers to get Federal Housing Administration-backed loans.

The “FHA Modernization Act of 2007,” considered one of Washington’s most important efforts to ease the subprime mortgage crisis, won easy approval and is headed to the Senate floor.

“We need to make sure that credit is available, including for subprime borrowers, on fair terms so that the people of this country have an opportunity to build wealth for the future,” Committee Chairman Christopher J. Dodd, D-Conn., told his colleagues.

Comments (0) Posted by G.R.A. Admin on Thursday, September 20th, 2007

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