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House Passes Rural Homeowners Protection Act Clay’s Legislation Will Help Rural Families Refinance Mortgages...
Washington, DC - July 30, 2009 - (RealEstateRama) -- The U.S. House has passed legislation authored by Congressman Wm. Lacy Clay (D) Missouri, which will make refinancing easier for rural homeowners who hold mortgages issued by private lenders. H.R. 2043, the Rural Homeowners Protection Act of 2009, will allow rural families to refinance mortgages obtained from private lenders through a provision of a USDA guaranteed loan program.