U.S. Congress - H.R.3666 Foreclosure Prevention and Homeownership Protection Act
H.R.3666 - Foreclosure Prevention and Homeownership Protection Act
To establish a bipartisan commission to perform a comprehensive examination of the current foreclosure and mortgage lending crisis and to make recommendations for legislative and regulatory changes to address such problems. view all titles (2)
All Bill Titles
- Short: Foreclosure Prevention and Homeownership Protection Act as introduced.
- Official: To establish a bipartisan commission to perform a comprehensive examination of the current foreclosure and mortgage lending crisis and to make recommendations for legislative and regulatory changes to address such problems. as introduced.
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Official Summary
9/25/2007--Introduced.Foreclosure Prevention and Homeownership Protection Act - Establishes the Commission to Preserve the American Dream (Commission) to study and report to Congress and the President on: (1) the adequacy of the existing legal and regulatory framework to address the currenOfficial Summary
9/25/2007--Introduced.Foreclosure Prevention and Homeownership Protection Act - Establishes the Commission to Preserve the American Dream (Commission) to study and report to Congress and the President on:
(1) the adequacy of the existing legal and regulatory framework to address the current foreclosure and mortgage lending crisis and to prevent similar crises from happening in the future;
(2) the role of the states versus the role of the federal government in ensuring homeowners are protected against unscrupulous lending practices; and
(3) the effects of this crisis on the domestic and world economies. Requires the Commission to make recommendations regarding:
(1) ways to assist homeowners currently in danger of losing their homes;
(2) ways to encourage lenders and borrowers to work together to prevent foreclosure; and
(3) legislative and regulatory changes to protect homeowners against unscrupulous lending practices and strengthen accountability for those involved in the mortgage lending market.
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