www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Bush signs housing rescue plan into law
(Agencies)
Updated: 2008-07-30 21:20

WASHINGTON - As home foreclosures rise and property values slump, US President George W. Bush on Wednesday signed into law a rescue package that includes emergency backstops for mortgage financing companies Fannie Mae and Freddie Mac.

A sign advertises an open house for sale in Alexandria, Virginia in this file photo from April 6, 2008. [Agencies] 

Despite opposition to a provision that offers $4 billion in grants to states to buy and repair foreclosed homes, Bush reversed his opposition to the overall legislation because it included numerous other key housing reforms.

Related readings:
 Congress approves housing rescue bill
 Housing bill clears hurdle, vote seen Saturday
 Housing woes push many to vote
 White House says Bush will sign housing bill into law

The new law boosts oversight of Fannie Mae and Freddie Mac, which own or guarantee almost half the country's $12 trillion in home mortgage debt. It also expands a temporary line of US Treasury credit and gives the government the option to buy shares in them if they ran into trouble.

"We look forward to put in place new authorities to improve confidence and stability in markets, and to provide better oversight for Fannie Mae and Freddie Mac," said White House spokesman Tony Fratto.

Bush signed the measure in the Oval Office shortly after 7 am EDT with his economic team on hand, including Treasury Secretary Henry Paulson who helped negotiate the package with the Democratic-controlled Congress.

The new measures come as prices of US single-family homes plunged at a record pace in May from a year earlier. The closely-watched Standard & Poor's/Case Shiller composite index of 20 metropolitan areas fell 0.9 percent in May from April, bringing the measure down 15.8 percent from May 2007.

The new law also sets up a $300-billion fund under the Federal Housing Administration to help distressed homeowners get more affordable, government-backed mortgages and get out from under exotic mortgages they cannot afford.

"The Federal Housing Administration will begin to implement new policies intended to keep more deserving American families in their homes," Fratto said.

The bill also offers tax breaks to spur home-buying; sets up the first national licensing system for mortgage brokers and loan officers; and raises the limit on the size of mortgages that federal agencies can guarantee.

主站蜘蛛池模板: 亚洲国产午夜看片 | 欧美俄罗斯一级毛片 | 欧美不卡视频在线观看 | 一级特黄aa大片欧美网站 | 精品日韩二区三区精品视频 | 伊人色综合久久成人 | 国产精品漂亮美女在线观看 | 精品国产一区二区三区久久影院 | 亚洲人成综合 | 污全彩肉肉无遮挡彩色 | 亚洲成人综合在线 | 日本a级片免费看 | 99在线视频观看 | 国产视频在线免费观看 | 成人毛片在线视频 | 日本一区二区三区不卡在线视频 | 99久久免费视频在线观看 | 欧美午夜性春猛交 | 1024香蕉国产在线视频 | 亚洲国产成人99精品激情在线 | 久草热在线观看 | 看真人一级毛片 | 97在线观看视频免费 | 黄色毛片三级 | 久草在线手机 | 久久午夜国产片 | 欧美成人精品 | 日本免费一级 | 成人精品一区二区www | 日本道综合一本久久久88 | 91亚洲国产成人久久精品网址 | 亚洲欧美日韩精品高清 | 久久精品国产亚洲高清 | 美国毛片免费看 | 国产91亚洲精品 | 精品免费久久久久国产一区 | 久久久9视频在线观看 | 国产成人久久精品一区二区三区 | 国内精品久久久久久久久蜜桃 | 国产精彩视频在线观看 | 亚洲第一区在线 |