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The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
President George W. Bush delivers a statement at the White House regarding the economic rescue plan. Public Law 110-343 (Pub. L. 110–343 (text), 122 Stat. 3765, enacted October 3, 2008) is a US Act of Congress signed into law by U.S. President George W. Bush, which was designed to mitigate the growing financial crisis of the late-2000s by giving relief to so-called "Troubled Assets."
Although the future of a fourth stimulus check is uncertain, there is still a huge chunk of money homeowners can tap into to get relief if they are struggling with housing expenses. While...
The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
The mortgage relief program offers up to $80,000 to pay all or part of a COVID-related partial claim or deferral received during or after January 2020. Read more: A class-action lawsuit offers ...
The state is again expanding its federally funded mortgage relief program to help more Californians. People who missed mortgage payments as late as Feb. 1 are now eligible for help.
Home Ownership and Equity Protection Act of 1994: 1994: Mortgages Federal [definition needed] Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994: 1994: Mortgages Federal [definition needed] Mortgage Forgiveness Debt Relief Act of 2007: 2007: Mortgages Federal [definition needed] Housing and Economic Recovery Act of 2008: 2008 ...
Homeowners struggling to make mortgage payments will soon be protected by a new Federal Trade Commission rule banning providers of mortgage foreclosure rescue and loan modification services from ...