h 45163 1184212800 false 1184212800 3012 832 110 400010

7/12/2007--Introduced.<br/>Fair Mortgage Practices Act of 2007 - Prohibits any person, with certain exceptions, from engaging in the business of loan origination without first obtaining and maintaining a registration or a state license as a loan originator. Imposes on the federal banking agencies the sole responsibility for developing a system of registration for loan originators. Directs the Secretary of Housing and Urban Development (HUD) to establish a system for: (1) licensed loan originators; and (2) state-licensed mortgage originators. Amends the Truth in Lending Act to set forth: (1) disclosure requirements for consumer credit plans secured by the consumer's principal dwelling; and (2) consumer counseling requirements governing nontraditional mortgages. Expanding Housing Opportunities Through Education and Counseling Act - Amends the Department of Housing and Urban Development Act to: (1) establish the Office of Housing Counseling; and (2) direct the HUD Secretary to establish and monitor counseling procedures for home ownership counseling and rental housing counseling provided in connection with any HUD program. Amends the Housing and Urban Development Act of 1968 to instruct HUD to makes grants to states, local governmental entities, and nonprofit organizations providing home ownership or rental counseling that is HUD-certified. Directs the HUD Secretary to study and report to Congress on the root causes of default and foreclosure on home loans. Amends the Real Estate Settlement Procedures Act of 1974 to revise requirements for HUD consumer education booklets on the nature and costs of real estate settlement services. Amends the Truth in Lending Act to: (1) require a creditor to establish, in connection with a subprime mortgage transaction, an escrow or impound account for payment of taxes and hazard insurance; (2) require a disclosure notice for consumers who opt out of escrow services; and (3) limit prepayment penalties for certain introductory adjustable rate mortgages (ARMs). Authorizes appropriations to the Attorney General for mortgage fraud prevention, investigation, and prosecution efforts. Sets forth property appraisal requirements governing the sale of subprime mortgages. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to revise requirements for the Appraisal Subcommittee of the Federal Financial Institutions Examination Council, and prescribe requirements regarding appraiser independence and approved appraiser education. Directs the Comptroller General to study and report to specified congressional committees on possible improvements in the appraisal process. Amends the Community Reinvestment Act of 1977 to permit a federal financial supervisory agency, in its examination of a regulated financial institution, to take into account certain counseling and transition programs of the institution for subprime borrowers.<br/>

1184212800 2007-07-12 Thu Nov 06 23:56:16 -0600 2008 introduced 45163 'act':8 'educ':5 'hous':2 'expand':1 'counsel':7 'opportun':3 51363 short introduced 45163 'act':4 '2007':6 'fair':1 'mortgag':2 'practic':3 51362 short introduced 45163 'act':7 'fair':14 'lend':6 'loan':36 'amend':2 'truth':4 'licens':31 'nation':28 'origin':37 'provid':9,25 'purpos':41 'regist':33 'system':29 'general':17 'mortgag':15,21,35 'practic':16 'subprim':20 'establish':12 'residenti':34 'particular':23 48373 official introduced 45163 1184212800 Thu Jul 12 00:00:00 -0500 2007 122342 B000013 1947-12-28 2246 Rayburn Building http://www.house.gov/writerep/ 6 202-225-2082 Spencer 'r':4 '-6':6 'al':5 'rep':1 'bachus':3,8,10 'spencer':2,7,9 M 400010 Bachus Spencer_Bachus Thomas Rep. Spencer Bachus [R, AL-6] N00008091 7352 Republican 202-225-4921 Baptist AL Spencer Bachus 4.5 http://bachus.house.gov/HoR/AL06/Home/ B001232 1937-08-15 1034 Longworth House Office Building http://judybiggert.house.gov/ContactJudy.aspx 13 202-225-9420 Judy 'r':4 'il':5 '-13':6 'rep':1 'judi':2,7,9 'biggert':3,8,10 F 400027 Biggert Judy_Biggert Rep. Judy Biggert [R, IL-13] N00004762 7343 Republican 202-225-3515 Episcopalian IL Judy Biggert 4.90909090909091 http://judybiggert.house.gov/ B001247 1943-10-05 414 Cannon House Office Building https://forms.house.gov/brown-waite/IMA/issue_subscribe.htm 5 202-226-6559 Virginia 'r':6 '-5':8 'fl':7 'rep':1 'wait':5,12,17 'brown':4,11,16 'ginni':13 'virginia':2,9,14 'brown-wait':3,10,15 F 400051 Brown-Waite Ginny_Brown-Waite Rep. Virginia Brown-Waite [R, FL-5] Ginny N00024777 8742 Republican 202-225-1002 Catholic FL Ginny Virginia Brown-Waite 3.4 http://brown-waite.house.gov/ B001260 1516 Longworth House Office Building http://buchanan.house.gov/contact.shtml 13 202-226-0828 Vern 'r':4 'fl':5 '-13':6 'rep':1 'vern':2,7,9 'buchanan':3,8,10 M 412196 Buchanan Vernon_Buchanan Rep. Vern Buchanan [R, FL-13] N00027626 6461 Republican 202-225-5015 FL Vern Buchanan 5.375 http://buchanan.house.gov/ C001047 1953-11-26 1431 Longworth House Office Building https://forms.house.gov/wyr/welcome.shtml 2 202-225-7856 Shelley 'r':4 '-2':6 'wv':5 'rep':1 'capito':3,8,10 'shelley':2,7,9 F 400061 Capito Shelley_Moore_Capito Moore Rep. Shelley Capito [R, WV-2] N00009771 6419 Republican 202-225-2711 Presbyterian WV Shelley Capito 5.92857142857143 http://capito.house.gov/ E000092 1934-02-06 2182 Rayburn House Office Building http://www.house.gov/writerep 3 202-225-5144 Vernon 'r':4 '-3':6 'mi':5 'rep':1 'ehler':3,8,10 'vernon':2,7,9 M 400119 Ehlers Vernon_J._Ehlers J. Rep. Vernon Ehlers [R, MI-3] N00004166 6168 Republican 202-225-3831 Christian Reformed MI Vern Vernon Ehlers 5.42857142857143 http://www.house.gov/ehlers/ CongressmanEhlers G000549 1955-02-25 308 Cannon House Office Building http://www.house.gov/writerep 6 202-225-8440 Jim 'r':4 '-6':6 'pa':5 'jim':2,7,9 'rep':1 'gerlach':3,8,10 M 400147 Gerlach Jim_Gerlach Rep. Jim Gerlach [R, PA-6] N00025025 6589 Republican 202-225-4315 Protestant PA Jim Gerlach 5.85714285714286 http://gerlach.house.gov/ G000210 1939-02-01 Paul 'paul':1,3,5 'gillmor':2,4,6 M 400150 Gillmor Paul_E._Gillmor E. Paul Gillmor N00003660 3050 Republican Methodist Paul Gillmor J000255 1943-02-10 2333 Rayburn House Office Building http://jones.house.gov/contact_form_email.cfm 3 202-225-3286 Walter 'r':4 '-3':6 'nc':5 'rep':1 'jone':3,8,10 'walter':2,7,9 M 400209 Jones Walter_B._Jones Beaman Rep. Walter Jones [R, NC-3] N00002299 6771 Republican 202-225-3415 Catholic NC Walter Jones 6.0 http://jones.house.gov/ L000553 1954-07-22 2371 Rayburn House Office Building http://latourette.house.gov/ContactSteve.aspx 14 202-225-3307 Steven 'r':4 'oh':5 '-14':6 'rep':1 'steven':2,7,9 'latourett':3,8,10 M 400235 LaTourette Steven_C._LaTourette C. Rep. Steven LaTourette [R, OH-14] N00003545 5778 Republican 202-225-5731 Methodist OH Steven LaTourette 5.75 http://www.house.gov/latourette/ L000491 1960-01-06 2311 Rayburn House Office Building http://www.house.gov/lucas/zipauth.htm 3 202-225-8698 Frank 'r':4 '-3':6 'ok':5 'rep':1 'luca':3,8,10 'frank':2,7,9 M 400247 Lucas Frank_D._Lucas D. Rep. Frank Lucas [R, OK-3] N00005559 6689 Republican 202-225-5565 Baptist OK Frank Lucas 3.0 http://www.house.gov/lucas/ M001138 1944-03-24 2228 Rayburn House Office Building http://manzullo.house.gov/zipauth.aspx 16 202-225-5284 Donald 'r':4 'il':5 '-16':6 'rep':1 'donald':2,7,9 'manzullo':3,8,10 M 400252 Manzullo Donald_A._Manzullo A. Rep. Donald Manzullo [R, IL-16] N00004905 5875 Republican 202-225-5676 Baptist IL Don Donald Manzullo 5.2 http://manzullo.house.gov/ repmanzullo M001139 1948-10-16 2438 Rayburn House Office Building http://garymiller.house.gov/Contact/ 42 202-226-6962 Gary 'r':4 'ca':5 '-42':6 'rep':1 'gari':2,7,9 'miller':3,8,10 M 400277 Miller Gary_G._Miller Gene Rep. Gary Miller [R, CA-42] N00006954 6007 Republican 202-225-3201 Christian CA Gary Miller 3.63636363636364 http://garymiller.house.gov/ P000555 1951-07-29 Deborah 'pryce':2,4,6 'deborah':1,3,5 F 400327 Pryce Deborah_Pryce D. Deborah Pryce N00003504 4476 Republican Presbyterian Deborah Pryce R000141 1924-12-03 Ralph 'ralph':1,3,5 'regula':2,4,6 M 400334 Regula Ralph_Regula Ralph Regula N00003651 4192 Republican Episcopalian Ralph Regula U000031 1953-04-23 2183 Rayburn House Office Building http://www.house.gov/writerep 6 202-225-4986 Frederick 'r':4 '-6':6 'mi':5 'rep':1 'fred':9 'upton':3,8,11 'frederick':2,7,10 M 400414 Upton Fred_Upton Stephen Rep. Frederick Upton [R, MI-6] Fred N00004133 5088 Republican 202-225-3761 Protestant MI Fred Frederick Upton 5.16666666666667 http://www.house.gov/upton/ introduced 45163 1184212800 Thu Jul 12 00:00:00 -0500 2007 122342 action 45163 1184212800 Thu Jul 12 00:00:00 -0500 2007 122343 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. action 45163 1184212800 Thu Jul 12 00:00:00 -0500 2007 122344 Referred to House Financial Services action 45163 1184212800 Thu Jul 12 00:00:00 -0500 2007 122345 Referred to House Judiciary