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April 9, 2008

OCC's Views on FHA Housing Stabilization & Homeownership Retention Act of 2008

Dugan_john_smComptroller John Dugan presented the agency's views on the FHA Housing Stabilization and Homeownership Act of 2008 before Congress today.  This is basically a voluntary loan workout program with the lender taking a write-down and the borrower getting a refinanced FHA-guaranteed loan at the reduced principal amount. 

Link:  http://www.occ.gov/ftp/release/2008-38.htm

(ag) April 9, 2008, in Congress/Lending Issues

April 9, 2008 in Congress, Lending Issues | Permalink

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