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Senate Sends Sweeping Housing Bill to the House

July 14, 2008

   Related Information
HR 3221, the Foreclosure Prevention Act of 2008

Senate lawmakers Friday signed off on a bill that would modernize the Federal Housing Administration and expand FHA loan guarantee programs by $300 billion, create a new regulator for Fannie Mae and Freddie Mac, and create an $8,000 tax credit for first-time home buyers.

To View a copy of the Senate Bill see Related Documents.



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