President Bush signed the housing rescue bill that will help bail out Fannie Mae and Freddie Mac today. The law aims to stem foreclosures and the free-fall of housing prices by providing federal insurance for refinanced 30-year mortgages for struggling homeowners. The law will also tighten regulations on Fannie and Freddie and authorize the Treasury to inject capital into the lenders.
Bush signs housing rescue bill
July 30, 2008 02:13PM
