Helping Families Save Their Homes

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Overview of Law

Helps millions of Americans to avoid preventable foreclosures, bankruptcy and homelessness, and helps stabilize the housing market for everybody.

Helping Families Save Their Homes Benefits & Positives

DatePositive Result\BenefitRank
05/20/09$2.2 billion appropriated to help communities address the homeless crisis.
05/20/09Lenders incentivized to reduce foreclosures by loss mitigation guarantees, compensation and lender protection from lawsuits by investors holding the loans
05/20/09Homeowners' foreclosures avoided by improved terms for loan modification and restructuring of their debt