U.S. Congress - H.R.3777 Protecting Access to Safe Mortgages Act
H.R.3777 - Protecting Access to Safe Mortgages Act
To temporarily raise the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, prime loans, to preserve liquidity in the mortgage lending markets, and for other purposes. view all titles (2)
All Bill Titles
- Short: Protecting Access to Safe Mortgages Act as introduced.
- Official: To temporarily raise the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, prime loans, to preserve liquidity in the mortgage lending markets, and for other purposes. as introduced.
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Official Summary
10/9/2007--Introduced.Protecting Access to Safe Mortgages Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase mortgage portfolio limitations placed upon: (1) the Federal National Mortgage Association (Fannie Mae)Official Summary
10/9/2007--Introduced.Protecting Access to Safe Mortgages Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase mortgage portfolio limitations placed upon:
(1) the Federal National Mortgage Association (Fannie Mae); and
(2) the Federal Home Loan Mortgage Corporation (Freddie Mac), respectively. Instructs the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development (HUD) to lift:
(1) the limitation on growth provision set forth in the Fannie Mae Consent Order; and
(2) the voluntary temporary growth limitation described in a certain Freddie Mac Letter.
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Recent Blog Coverage
hope for homeowners - Obama Plants ACORN Seed, Leaves Town and ...
Emergency Economic Stabilization Act of 2008 (HR 3777). Finally, it improves the HOPE for Homeowners program by expanding eligibility and increasing the tools available to the Department of Housing and Urban Development to help more ...
Emergency Economic Stabilization Act of 2008 (HR 3777)
It took me a little time to track this info down, so I thought posting up a few quick links might help. The following is a synopsis of the bill from Speaker Pelosiâs blog. A link to the full text is at the bottom of this post. ...
bean says: don't forget mortgage reform!
in the meantime, bean has introduced hr 3777, the protecting access to safe mortgages act, which would increase portfolio limits of the gses by 10 percent for one year so they can inject more liquidity in the mortgage market. ...
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