Housing and Economic Recovery Act of 2008/Division A/Title IV

{{SECTION|SEC. 1401.|SEC. 1401}}. SHORT TITLE.

 * This title may be cited as the ``HOPE for Homeowners Act of 2008´´.

{{SECTION|SEC. 1402.|SEC. 1402}}. ESTABLISHMENT OF HOPE FOR HOMEOWNERS PROGRAM.

 * (a) Establishment.—
 * Title II of the National Housing Act (12 U.S.C. 1707 et seq.) is amended by adding at the end the following:

{{SECTION|SEC. 1403.|SEC. 1403}}. FIDUCIARY DUTY OF SERVICERS OF POOLED RESIDENTIAL MORTGAGE LOANS.

 * The Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended by inserting after section 129 the following new section:

{{SECTION|SEC. 1404.|SEC. 1404}}. REVISED STANDARDS FOR FHA APPRAISERS.

 * Section 202(e) of the National Housing Act (12 U.S.C. 1708(e)) is amended by adding at the end the following: