James Lockhart

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Bush Signs Sweeping Housing Bill into Law 

Jul 30, 2008By

President Bush signed a massive housing and mortgage relief bill into law early Wednesday morning, the White House said, making official changes ranging from a $300 billion expansion of the underwriting authority of the Federal Housing Administration to a new regulator for twin mortgage finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock]. Click here for a complete overview of the legislation.

3d rendering of a row of luxury townhouses along a street

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