BIG NEWS FOR THE HOUSING INDUSTRY: President Bush signed the new housing rescue bill into law this morning.
Some of the highlights of the bill are:
v Assistance will be given to people who are trying to stave off foreclosure
v Tax refund will be given to first time homebuyers
v Ban on down payment assistance from sellers on FHA loans
v Helping save Fannie Mae and Freddie Mac
I will post updates as they occur.
Frank Harris
