U.S. Housing Bill Goes to President’s Desk
In a rare weekend meeting, the U.S. Senate passed the housing
bill by 72-13 votes. The legislation now awaits the signature of
U.S. President George W. Bush, who could sign it into law as early as
this week.
The bill would aid over 400,000 mortgage borrowers
with the FHA assuming up to $300 billion in refinanced 30-year mortgages.
The legislation also includes government relief to…