House approves foreclosure, Fannie/Freddie bill

As expected, the House of Representatives approved the much-anticipated foreclosure rescue / Fannie Mae / Freddie Mac rescue bill. The vote was 272 to 152 in favor of the measure.

The Senate was set to take up the measure on Wednesday, but internal wrangling has delayed a Senate vote until this Friday or Saturday.

The President has withdrawn his veto threat, so it looks like the bill could be signed into law by early next week - and not a moment too soon for some 400,000 srtuggling homeowners.

Posted by Jason Buckingham on 07/24/2008 04:02 PM

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government, legal reform, fannie mae, freddie mac, foreclosure, news

Post is included in group: Northern California Real Estate Professionals
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Real Estate Attorney: Jason Buckingham (Law Offices of Jason S. Buckingham, Inc.)

Jason Buckingham
San Francisco, CA
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