h 46705 1192507200 false 1194411600 3837 958 110 400210

10/16/2007--Introduced.<br/>Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums. Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services. Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage, including obtaining force-placed hazard insurance coverage to protect the mortgagee's interest in the property. Prohibits practices related to default, late fees, or foreclosure. Requires prompt: (1) crediting of payments; (2) responses to payoff balances; and (3) refund of escrow accounts upon payoff. Directs the Secretary of Housing and Urban Development to study and report to specified congressional committees on mortgage servicing fraud. Amends the Truth in Lending Act to: (1) require repayment analyses to include escrow payments; (2) include a written property appraisal as a prerequisite to granting a mortgage; (3) prohibit unfair and deceptive practices and acts relating to consumer credit transactions secured by the principal dwelling, especially in property appraisals; and (4) require a mortgage originator to make available to the credit applicant all appraisal valuation reports no later than three days prior to the transaction closing date. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) include among the functions of the Appraisal Subcommittee protection of the consumer from improper appraisal practices and the predations of unlicensed appraisers; and (2) expand state agency reporting requirements to include transmittal to the Appraisal Subcommittee of reports on claims, disciplinary actions, license and certification revocations, and suspensions. Prohibits certain interested parties in a real estate transaction involving an appraisal from engaging in specified practices to improperly influence a real estate appraisal in connection with a mortgage loan. Requires the Comptroller General to study and report to specified congressional committees on possible improvements in the appraisal process and in state compliance programs.<br/>

1194411600 2007-11-07 Fri Nov 07 02:10:44 -0600 2008 introduced 46705 'loan':7 'mitig':28 'better':24 'enhanc':18 'escrow':3 'improv':9 'promot':13 'purpos':34 'requir':2 'servic':11 'apprais':19,25,29 'certain':5 'mortgag':6,10 'pressur':30 'qualiti':20 'sustain':14 'opportun':16 'standard':22 'oversight':26 'homeownership':15 52825 false official introduced 46705 'act':7 'escrow':1 'improv':6 'servic':5 'apprais':2 'mortgag':4 53562 false short action 46705 1194411600 Wed Nov 07 00:00:00 -0600 2007 136703 Committee Consideration and Mark-up Session Held. K000008 1937-04-02 2188 Rayburn House Office Building http://kanjorski.house.gov/index.php?option=com_content&task=view&id=2&Itemid= 11 202-225-0764 Paul 'd':4 'pa':5 '-11':6 'rep':1 'paul':2,7,9 'kanjorski':3,8,10 M 400210 Kanjorski Paul_E._Kanjorski E. Rep. Paul Kanjorski [D, PA-11] N00001509 6370 Democrat 202-225-6511 Roman Catholic PA Paul Kanjorski 4.25 http://kanjorski.house.gov/ B001234 1947-01-23 1527 Longworth House Office Building http://www.house.gov/baca/zipauth.shtml 43 202-225-8671 Joe 'd':4 'ca':5 '-43':6 'joe':2,7,9 'rep':1 'baca':3,8,10 M 400009 Baca Joe_Baca Rep. Joe Baca [D, CA-43] N00007089 7904 Democrat 202-225-6161 CA Joe Baca 2.66666666666667 http://www.house.gov/baca/ 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 7357 Republican 202-225-3515 Episcopalian IL Judy Biggert 4.90909090909091 http://judybiggert.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 6439 Republican 202-225-2711 Presbyterian WV Shelley Capito 6.06666666666667 http://capito.house.gov/ C001037 1952-01-09 1530 Longworth House Office Building http://www.house.gov/capuano/contact/email.shtml 8 202-225-9322 Michael 'd':4 '-8':6 'ma':5 'rep':1 'capuano':3,8,10 'michael':2,7,9 M 400063 Capuano Michael_E._Capuano E. Rep. Michael Capuano [D, MA-8] N00000267 6733 Democrat 202-225-5111 Roman Catholic MA Mike Michael Capuano 3.63636363636364 http://www.house.gov/capuano/ C001049 1956-07-27 434 Cannon House Office Building http://lacyclay.house.gov/contact.htm 1 202-226-3717 William 'd':4 '-1':6 'mo':5 'rep':1 'clay':3,8,10 'william':2,7,9 M 400074 Clay William_L_Jr_Clay Lacy Rep. William Clay [D, MO-1] N00012460 6667 Democrat 202-225-2406 Roman Catholic MO Lacy William Clay 1.0 http://lacyclay.house.gov/ CongressmanClay F000339 1940-03-31 2252 Rayburn House Office Building http://www.house.gov/writerep 4 202-225-0182 Barney 'd':4 '-4':6 'ma':5 'rep':1 'frank':3,8,10 'barney':2,7,9 M 400140 Frank Barney_Frank Rep. Barney Frank [D, MA-4] N00000275 17434 Democrat 202-225-5931 Jewish MA Barney Frank 2.6241134751773 http://www.house.gov/frank/ G000535 1953-12-10 2266 Rayburn House Office Building http://www.house.gov/writerep 4 202-225-7810 Luis 'd':4 '-4':6 'il':5 'lui':2,7,9 'rep':1 'gutierrez':10 'gutiérrez':3,8 M 400163 Gutiérrez Luis_V._Gutierrez V. Rep. Luis Gutiérrez [D, IL-4] N00004874 8465 Democrat 202-225-8203 Roman Catholic IL Luis Gutierrez 1.84615384615385 http://luisgutierrez.house.gov/ H001043 1951-03-21 506 Cannon House Office Building http://hodes.house.gov/contact.aspx 2 202-225-2946 Paul 'd':4 '-2':6 'nh':5 'rep':1 'hode':3,8,10 'paul':2,7,9 M 412220 Hodes Paul_Hodes W. Rep. Paul Hodes [D, NH-2] N00027048 7072 Democrat 202-225-5206 NH Paul Hodes 2.54545454545455 http://hodes.house.gov/ H000712 1957-03-05 2417 Rayburn House Office Building http://www.holden.house.gov/contactform_zipcheck.shtml 17 202-226-0996 Tim 'd':4 'pa':5 '-17':6 'rep':1 'tim':2,7,9 'holden':3,8,10 M 400183 Holden Tim_Holden Rep. Tim Holden [D, PA-17] N00001469 6313 Democrat 202-225-5546 Roman Catholic PA Tim Holden 4.5 http://www.holden.house.gov/ K000210 1944-04-05 436 Cannon House Office Building http://peteking.house.gov/zip.shtml 3 202-226-2279 Peter 'r':4 '-3':6 'ny':5 'rep':1 'king':3,8,11 'pete':9 'peter':2,7,10 M 400219 King Peter_T._King T. Rep. Peter King [R, NY-3] Pete N00001193 7709 Republican 202-225-7896 Roman Catholic NY Pete Peter King 3.61111111111111 http://peteking.house.gov/ M000087 1948-02-19 2331 Rayburn House Office Building http://maloney.house.gov/index.php?option=com_email_form&Itemid=73 14 202-225-4709 Carolyn 'd':4 'ny':5 '-14':6 'rep':1 'carolyn':2,7,9 'maloney':3,8,10 F 400251 Maloney Carolyn_B._Maloney B. Rep. Carolyn Maloney [D, NY-14] N00000078 7540 Democrat 202-225-7944 Presbyterian NY Carolyn Maloney 1.66666666666667 http://maloney.house.gov/ M001160 1951-04-18 1408 Longworth House Office Building http://www.house.gov/gwenmoore/contact.shtml 4 202-225-8135 Gwen 'd':4 '-4':6 'wi':5 'rep':1 'gwen':2,7,9 'moor':3,8,10 F 400661 Moore Gwen_Moore Rep. Gwen Moore [D, WI-4] N00026914 6116 Democrat 202-225-4572 Unknown WI Gwen Gwen Moore 2.2 http://www.house.gov/gwenmoore/ RepGwenMoore W000801 1943-01-18 226 Cannon House Office Building http://www.charliewilson.house.gov/index.php?option=com_content&task=view&id=139 6 202-225-5907 Charles 'd':4 '-6':6 'oh':5 'rep':1 'charl':2,7,9 'wilson':3,8,10 M 412227 Wilson Charlie_Wilson A. Rep. Charles Wilson [D, OH-6] N00003528 6858 Democrat 202-225-5705 OH Charlie Charles Wilson 2.57142857142857 http://www.senate.state.oh.us/senators/bios/sd_30.html action 46705 1194411600 Wed Nov 07 00:00:00 -0600 2007 136703 Committee Consideration and Mark-up Session Held. calendar 46705 1194411600 Wed Nov 07 00:00:00 -0600 2007 136704 Ordered to be Reported (Amended) by Voice Vote. action 46705 1192507200 Tue Oct 16 00:00:00 -0500 2007 132437 Referred to the House Committee on Financial Services. introduced 46705 1192507200 Tue Oct 16 00:00:00 -0500 2007 132436