FHA Book

Senate Passes Housing Aid Bill

The Senate passed the housing aid bill 63-5 today, signaling a commitment to help homeowners. The bill will allow the FHA to back an additional $300 billion worth of loans. (Whether or not this is a good thing is another post.) The House would still like to see changes to the bill and the president has threatened a veto, so whether or not this will be signed into law remains questionable.