Wednesday, July 30, 2008

President Bush Signs The U.S. Housing Bill

mortgage bill, loan applications The housing bill sets up a fund to aid troubled homeowners, offers tax breaks, adds support for Fannie Mae and Freddie Mac, and allows the U.S. government more power to take equity stakes in credit companies if needed. The bill comes at a time when mortgage applications hit their lowest level since 2000 and on a day when Mercury Company and all it's subsidiaries went belly up.

(Mercury subsidiaries include: American Heritage Title Agency, Arizona Title Agency, Financial Title Company, First American Heritage Title Company, Guardian Mortgage Documents, Investors Title Company, Lender's First Choice Agency dba Lenders Choice Title Company, All Reverse Title, Mercury Exchange, Mercury Settlement Services, Mercury Transaction Services, Security Title Guaranty, Title America, Title Guaranty Agency of Arizona, Title Guaranty Agency of Colorado, United Title Company, United Title of Texas, and USA Digital Solutions)


Anonymous said...

Note: The Investors Title Company that closed its doors is located in California and is not related to the Investors Title Company in Missouri.

Alex Y. said...

Thanks for the clarification. I'm sure there's confusion about companies with similar names and companies that run independently in other states.