h 49774 1205467200 false 1205467200 5649 476 110 400222

3/14/2008--Introduced.<br/>Home Owners' Loan Corporation for the 21st Century Act - Establishes the Home Owners' Loan Corporation as an instrumentality of the United States. Authorizes the Corporation to: (1) acquire, in exchange for bonds and subject to specified limitations, home mortgages, obligations, and liens secured by real estate (mortgage relief); and (2) make cash advances to pay the taxes and assessments on the real estate, provide for maintenance, meet incidental transaction expenses, and pay the mortgage, obligation, or lien holder the difference (not to exceed $200) between the face value of the bonds exchanged, plus accrued interest, and the purchase price of the mortgage, obligation, or lien. Requires the homeowner to make mortgage payments to the Corporation. Sets forth 40-year amortization requirements. Authorizes the Corporation to exchange bonds and make cash advances to redeem or recover homes lost by the owners by foreclosure or forced sale.

1205467200 2008-03-14 Fri Nov 07 05:40:17 -0600 2008 introduced 49774 'act':9 '21st':7 'home':1 'loan':3 'owner':2 'corpor':4 'centuri':8 59136 false short introduced 49774 'home':4,11 'loan':6 'emerg':10 'owner':5 'corpor':7 'provid':9 'relief':13 'mortgag':12 'establish':2 57925 false official introduced 49774 1205467200 Fri Mar 14 00:00:00 -0500 2008 148023 K000360 1959-09-15 1030 Longworth House Office Building http://www.house.gov/kirk/zipauth.shtml 10 202-225-0837 Mark 'r':4 'il':5 '-10':6 'rep':1 'kirk':3,8,10 'mark':2,7,9 M 400222 Kirk Mark_Steven_Kirk Steven Rep. Mark Kirk [R, IL-10] N00012539 9812 Republican 202-225-4835 IL Mark Kirk 1.12820512820513 http://www.house.gov/kirk/ introduced 49774 1205467200 Fri Mar 14 00:00:00 -0500 2008 148023 action 49774 1205467200 Fri Mar 14 00:00:00 -0500 2008 148024 Referred to the House Committee on Financial Services.