Help for Homeowners Hangs in the Balance Posted on July 4th
Congress left town for the July 4 recess with a half-baked cake in its legislative oven — one that has huge potential significance for the housing and mortgage markets. The relief package left unfinished is designed to help hundreds of thousands of homeowners heading for foreclosure, pull buyers back into the real estate market, and permanently raise conventional and FHA loan limits in high-cost markets.
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