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April 9, 2008
OCC's Views on FHA Housing Stabilization & Homeownership Retention Act of 2008
Comptroller 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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