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mortgage crisis: New Housing Bill - Refinance Help For Some - But Not For All - 08/06/08 09:08 PM
On July 30, 2008, President Bush signed into law a far reaching housing bill that attempts to address the country's housing and mortgage crisis. The law does not go into effect until October 1, 2008 and it may potentially take several more months for the new loan programs that are authorized to be available to homeowners. Will the housing bill truly help homeowners in financial distress save their homes or is this just another band-aid approach to this worsening crisis? Here's what we know about the loan refinance programs that the housing bill authorizes: Eligibility - only qualified homeowners living in
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