Senate Prepares to Pass Housing Bill

According to an article by CNN, the Senate has recently reached new strides in the plans to pass a comprehensive bill on housing and foreclosure prevention, after months of debate. The bill would create a new government-backed foreclosure prevention program, as well as bolster the oversight of Freddie Mac and Fannie Mae. Before the housing bill is actually passed and completed, a final debate is still likely to take place in the House.

To read the details on the housing bill, please visit: http://money.cnn.com/2008/07/10/news/economy/senate_housing_vote/index.htm?section=money_realestate