HR 384. (Mortgage-backed securities buyout conditions) Bachmann of Minnesota amendment that would eliminate proposed changes to and additional funding for a homeowners program/On agreeing to the amendment
house Roll Call 21
Jan 15, 2009
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This vote was on an amendment by Michele Bachmann, R-Minn., that would have eliminated certain proposed changes to and additional funding for the program known as Hope for Homeowners. Hope for Homeowners was enacted in July 2008 and provides Federal Housing Administration guarantees and refinancing help for qualifying families who are at risk of losing their home due to rising mortgage rates. The amendment was offered to a bill that would create new conditions on the use of $350 billion enacted to enable the government to purchase certain “toxic” mortgage assets weighing down the balance books of banks and companies. |
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