Did George Bush create a law regarding interest rates for home loans?

08. March 2009 · 3 comments · Categories: Mortgages · Tags: ,
emartel01


Last I heard, George Bush passed a law regarding interest rates for home loans. Can someone explain to me?

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3 Comments

  1. poolman4u03 says:
    March 8, 2009 at 9:59 pm

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    I don’t know if the law was passed, but the point was to freeze intrest rates for people with adjustable rate mortgages for a period of time.

  2. v b says:
    March 11, 2009 at 5:32 am

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    It wasn’t a law, it was a voluntary agreement with lenders.
    See the news article below:

    Call 1-888-995-hope for more information.

  3. TIna says:
    March 11, 2009 at 7:29 am

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    The Executive Branch (the President) does not create laws. Only the Legislative Branch (Congress and the Senate) can do that. The President has power to sign their bills into law or veto them.

    As for the law about home loans – I haven’t heard anything definite about that.