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Home > Waco Breaking News > Archives > 2008 > July > 30 > Entry

Bush signs housing bill for mortgage relief

By Nathan Wade -- pending replacement | Wednesday, July 30, 2008, 10:20 AM

President Bush signed the housing bill this morning, providing mortgage relief for 400,000 Americans. Bush had once threatened to veto the bill.

The president affixed his signature with little fanfare and no signing ceremony, in front of only a few administration officials.

“We look forward to put in place new authorities to improve confidence and stability in markets,” White House spokesman Tony Fratto said. He said that the Federal Housing Administration would begin right away to implement new policies “intended to keep more deserving American families in their homes.”

For more on this morning’s signing, click here.

For provisions of the housing bill, click here.

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