Close Topic Options

The Foreclosure Prevention Act Of 2008

The Foreclosure Prevention Act of 2008

It took a while to saddle up the horses, but now it seems as though everyone is riding to the rescue. Senate Democrats Thursday announced The Foreclosure Prevention Act of 2008 which is intended to address the national housing crisis, help homeowners avoid foreclosure and assist communities that have already been harmed by foreclosures to recover. A potentially far-reaching provision would change the bankruptcy code...
Ref. https://www.mortgagenewsdaily.com/NewsAlert...sid=1833&ah=414

Keywords: Foreclosure Prevention Act, Mortgage Help Act

Act Prevention Foreclosure The

Foreclosure's Silent Victims

The far-reaching mortgage crisis, estimated to cost 1.2 million families their homes when it's all through, is also taking a toll on the pet population. In Dayton, Ohio, real estate agent Kathy Bayer found so many cats and dogs abandoned by homeowners that she went on a mission to help them, taking them to local animal shelters. But with families unable to afford their homes, let alone pets, the shelters are overflowing.
Ref. ABC's Barbara Pinto reports.

The Foreclosure Prevention Act Of 2008 History & Civil Business Politics

Housing rescue bill passed

WASHINGTON (AP) - Congress has passed a housing rescue bill aimed at sparing 400,000 struggling homeowners from foreclosure. President George W. Bush is expected to sign the measure quickly.
Ref. USAToday

Act Prevention Foreclosure The

I hope that it passes so that Fannie and Freddie can be shored up and around to help people continue to get homes.

Act Prevention Foreclosure The

I heard that Pres. Bush has said he will sign the Act into law when it reaches his desk. I just hope this will help turn things around instead of just acting as a band-aid. I do not think things will really turn around until the economy starts to improve.

The Foreclosure Prevention Act Of 2008

Yes the wounds need to be dressed but the source removed, which means new lending practices.

The Foreclosure Prevention Act 2008

Here is a great video from Congressman Ron Paul, explaining more in depth what is happening and what may happen going forward. It's about 7-8 minutes, but well worth the time if you aren't sure what all this is about.

https://www.youtube.com/watch?v=7pxpdf427rg

Rather off topic, but... This is who our next president should be, in my opinion, though the mainstream media virtually ignored his campaign in favor of Rerun Hillary, Obamapalooza, and McCain's "new boss same as the old boss" activities. Maybe people will want REAL change in the next election....

The Foreclosure Prevention Act 2008 Politics Business Civil & History

Foreclosures soar 76% to record 1.35 million:

Foreclosure rate hits nearly 3% in the third quarter, while another 7% of borrowers fell behind on their mortgages.
Ref. Source 2