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RECENT VOTESAmendments to H.R. 3221: American Housing Rescue and Foreclosure Prevention ActMay 9, 2008 This week, the House considered housing legislation in form of amendments to H.R. 3221: American Housing Rescue and Foreclosure Prevention Act, which the Senate already passed. The first amendment will temporarily allow the Federal Housing Administration (FHA) program to insure and refinance mortgages that are at risk of foreclosure. Participation is voluntary and only available for owner-occupied homes. It is not available to those whose home value vastly exceeds their means. The amendment also makes affordable mortgages more accessible to homebuyers by permanently raising the loan limits for FHA-backed loans and loans purchased by Fannie Mae and Freddie Mac. A provision I have worked on for years, which would increase the loan limits for multi-family homes, was also included. I voted YES. The amendment passed by a vote of 266-154 and the entire vote is recorded below:
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