Benefits of Housing Loan Restructuring Bill
The housing loan restructuring bill will be the saving grace for nearly 370,000 homeowner who are in danger of losing their homes due to delinquency in payment of loan amortization. I’m happy that the House of the Representatives and the Senate put aside their bickering and put up a united stand in pursuing approval of the House Bill 4220, the Socialized and Low-Cost Housing Loan Restructuring Act of 2008 in a short time. The bill has been forwarded for bicameral deliberations.
Categories: Loans and Financing Tags: condonation program, financial, housing loan restructuring bill, housing loans, loan amortization