To amend title 38, United States Code, to extend the demonstration project on adjustable rate mortgages and the demonstration project on hybrid adjustable rate mortgages.
Last action on Jul 10, 2008Referred to the House Committee on Veterans' Affairs.
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Summary
Extends the Department of Veterans Affairs (VA) demonstration projects on the guaranteeing of veterans' adjustable rate and hybrid adjustable rate mortgage loans in a manner similar to which the Secretary of Housing and Urban Development insures such mortgages under the National Housing Act.
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