Friday, September 23, 2011

Housing and Economic Recovery Act of 2008

The Housing and Economic Recovery Act of 2008 was signed into law on the heels of the worst housing slump since the Great Depression. The primary focus of the far sweeping series of acts was a $300 billion bailout of troubled mortgages and increased oversight of Fannie Mae and Freddie Mac, the federal banking systems that guarantee almost half of all American mortgages.
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