H.R. 6076: Home Retention and Economic Stabilization Act of 2008
Description:
The Home Retention and Economic Stabilization Act of 2008 would defer foreclosure for eligible mortgage borrowers for up to 270 days. If passed, the bill would give extra time to some borrowers and lenders to consider alternatives to foreclosure, including traditional loss mitigation and participation in the new Federal Housing Administration (FHA) program for refinancing troubled loans. Some policymakers believe that a moratorium on foreclosures could help stabilize housing markets and allevia…
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Date:
August 29, 2008
Creator:
Murphy, Edward Vincent
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department