Bloomberg (07/24/08); Faler, Brian
Treasury Secretary Henry Paulson believes the Senate will pass a housing bill to prop up the housing market and give President Bush an opportunity to sign a relief plan this week. On July 23, the House passed a sweeping package that would assist borrowers at risk of foreclosure, fund purchases of foreclosed homes and allow the government to invest in and lend to Fannie Mae and Freddie Mac in order to restore confidence in the mortgage finance giants. Some Republicans expressed concern that the bill puts taxpayer funds in jeopardy and does not overhaul Fannie Mae and Freddie Mac. President Bush will sign the bill, according to the White House.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment