Housing and Economic Recovery Act of 2008
id:
housing-and-economic-recovery-act-of-2008-294-10074836
title:
Housing and Economic Recovery Act of 2008
text:
The United States Housing and Economic Recovery Act of 2008 was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value. It was intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the two large U.S. suppl
brand slug:
wiki
category slug:
encyclopedia
description:
US act of congress to address the subprime mortgage crisis
original url:
https://en.wikipedia.org/wiki/Housing_and_Economic_Recovery_Act_of_2008
date created:
date modified:
2024-02-04T17:11:24Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5c/Great_Seal_of_the_United_States_%28obverse%29.svg","width":600,"height":600}
fields total:
13
integrity:
15