H.R.5830 - FHA Housing Stabilization and Homeownership Retention Act of 2008 Sponsor: Barney Frank / 110th Congress

Title
110th Congress - To create a voluntary FHA program that provides mortgage refinancing assistance to allow families to stay in their homes, protect neighborhoods, and help stabilize the housing market. hidemore...
Summary
This bill seeks to reduce the number of home foreclosures by offering assistance to any at-risk borrower wishing to refinance. The program would also give "short payments" to lenders choosing to participate. (by MAPLight.org)
Status
The bill has passed through committee and has been put on a legislative calendar.

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