United Home Mortgage Center & David Chambless UPDATE ON HOUSING BILL TO HELP HOMEOWNERS ESCAPE FORECLOSURE

The housing bill that the House of Representatives passed this week and that the Senate is expected to approve today could help. The bill is designed to help an estimated 400,000 homeowners escape foreclosure by letting them refinance into more affordable loans backed by the Federal Housing Administration. What do I think this means to professionals in the financing and real estate industry? I beleive that it is the front end of help that is on the way for home buyers that are struggling to keep their house.