Foreclosure Bill:

Foreclosure Bill! Foreclosure Prevention Act of 2008 Title I: FHA Modernization Act of 2008 SUMMARY Building American Homeownership Act of 2008 (Sec. 112 ) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum… More information...

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