Foreclosure Assistance Targeted
Recent Developments in Congress
House Republicans have targeted four programs that the Obama Administration says are critical to the recovery of the housing market. On March 10, by a vote of 256 to 171, the House passed H.R. 830, to terminate the Federal Housing Administration Refinance Program, designed to help homeowners who owe more than their homes are worth refinance the loans. It would also rescind all unobligated funds allocated to the program and redirect them to pay down the national debt. On March 11, by a vote of 242 to 177, the House passed H.R. 836, to end a Department of Housing and…
