The House has passed housing legislation to help homeowners threatened by foreclosure, including tax benefits to sweeten the package.
The package, passed by a vote of 266 to 154, includes mortgage-refinancing assistance to keep families from losing their homes. The bill expands a Federal Housing Administration program so more borrowers in danger of losing their homes can refinance into lower-cost, government-insured mortgages they can afford to repay. Only primary residences are eligible for assistance.
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