Foreclosure Prevention Act of 2008

Definition

Federal legislation enacted in 2008 to prevent homeowners from losing their homes to foreclosure as a result of a downturn in the housing market. The act was passed by Congress on July 26, 2008 and included such provisions as tax credits for first-time home buyers, tax credits for low income households, pre-foreclosure counseling, and mortgage rate bonds. The bill also provided $4 billion to state and local governments for the rehabilitation and resale of abandoned and foreclosed homes.

单词	Foreclosure Prevention Act of 2008
释义	Foreclosure Prevention Act of 2008 Definition Federal legislation enacted in 2008 to prevent homeowners from losing their homes to foreclosure as a result of a downturn in the housing market. The act was passed by Congress on July 26, 2008 and included such provisions as tax credits for first-time home buyers, tax credits for low income households, pre-foreclosure counseling, and mortgage rate bonds. The bill also provided $4 billion to state and local governments for the rehabilitation and resale of abandoned and foreclosed homes.
随便看	response device response time responsibilities of directors responsibility responsibility accounting responsibility assignment matrix responsibility center responsible bidder responsible carrier responsive bidder restatement Restaurant Performance Index (RPI) restitutio in integrum restitution restitution in kind restitution payment restocking fee restoration restoration of benefits restoration of title restraining order restraint of trade restricted restricted account restricted asset