House Bill Earmarks $50 Bln For Modifying Mortgages

15 Jan 2009

The House of Representatives has approved legislation that earmarks $50 billion in the balance of federal bailout funds to modify mortgages of struggling homeowners.

The House of Representatives has approved legislation that earmarks $50 billion in the balance of federal bailout funds to modify mortgages of struggling homeowners. In one amendment to the bill introduced by Rep. Barney Frank (D-Mass.), Rep. Doris Matsui (D-Calif.) called for the mortgage industry to implement a ...

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