Housing and Economic Recovery Act of 2008

This was a huge piece of legislation, signed into law by President George W. Bush on July 30, 2008. Among other things, the Housing and Economic Recovery Act of 2008 established the Federal Housing Finance Agency, put an end to seller-paid down payment assistance ("DPA") programs such as Nehemiah and Neighborhood Gold and created the Hope for Homeowners program.

If you google the Housing and Economic Recovery Act of 2008 you'll find a lot of garbage information -- here are links to two good documents with good information on it:

Here's the full text of the legislation

Here's a summary of the law

Of course, if you want to know how any or all of this affects you personally, please contact me!