Housing Bill!

Early Wednesday morning before most of us where even out of bed, President Bush signed a housing bill to provide mortgage relief for around 400,000 homeowners. Most of the homeowners are struggling to keep their heads above water. The intent of this new bill is to hopefully stabilize the financial markets. This new bill will definitely help the two big mortgage companies Fannie Mae and Freddie Mac. They too will have some new guidelines to follow, but won’t have to go out of business. I can only hope that this new bill will work, it has to.

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This entry was posted on Wednesday, July 30th, 2008 at 9:03 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.