HERA

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January 1, 1 7 min read Definitions
Housing and Economic Recovery Act of 2008
Housing and Economic Recovery Act of 2008 HERA Subprime Mortgage Crisis FHFA Fannie Mae Freddie Mac Federal Home Loan Banks Housing Market Stabilization Housing Legislation
The Housing and Economic Recovery Act of 2008 (HERA) was significant legislation enacted to alleviate the subprime mortgage crisis by reforming housing-related Government-Sponsored Enterprises (GSEs) like Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Additionally, it enhanced federal oversight and offered various provisions to support homeowners and stabilize the housing market.
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