Many people have been asking me about what all House Bill HR 3221 does for the Real Estate sector...see below for a detailed overview. If you would like more explanation, please call me at 940.691.7355 or email at ashton@bishoprealtors.com . Key Provisions in H.R. 3221, The American Housing Rescue & Foreclosure Prevention Act   FHA Housing Stabilization and Homeownership Retention Act ·        Provides mortgage refinancing assistance to keep at least 400,000 families from losing their homes, to protect neighboring home values, and to help stabilize the housing market at no cost to American taxpayers. ·        Expands the FHA program so many borrowers in danger of losing their home can refinance into lower-cost government-insured mortgages they can afford to repay.  ·        Protects tax... 07/31/2008