On May 20, President Obama signed the REALTOR®-supported S. 896, the
Helping Families Save Their Homes Act, which will expand and encourage more mortgage loan modifications under the HOPE for Homeowners program. With the new changes, lenders will receive $1,000 for every HOPE-refinanced loan and HUD will now share home-price appreciation with investors. Obama also signed
S. 386, the Fraud Enforcement and Recovery Act of 2009, which gives federal investigators more tools to target mortgage fraud.