Mortgage Relief Debt Forgiveness Act of 2007 Signed Into Law; CRS Report Provides Background.

The president signed H.R. 3648 into law (as Public Law 110-142) on Dec. 20th.

HERE is the final version of the bill as passed by the House and the Senate and sent to the President for signature. (Changes were made to earlier versions including making tax relief provisions temporary, so I encourage you to read this final edition of the bill).

HERE is an early December 2007 Congressional Research Service (CRS) report providing useful analysis and background about mortgage debt relief. (Note that this was completed before the modified final version of the bill was passed).