Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007
A bill to temporarily increase 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, affordable loans, and for other purposes.
Other Bill Titles (3 more) 10/16/2007--Introduced.
Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007, or the PROMISE Act - Requires the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development to termi... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| October 16, 2007 |
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In the News
January 21, 2008 Homeowners Call for Immediate Economic Stimulus Package
Congress should also raise the limits on Fannie’s and Freddie’s loan portfolios by 10%, as proposed in HR 3838 and S. 2169. The final reform component can ...
Blog Coverage
January 23, 2008 Homeowners Call for Immediate Comprehensive and Balanced Economic ...
Congress should raise the limits on Fannieâs and Freddieâs loan portfolios by 10 percent, as proposed in HR 3838 and S. 2169. Some oversight reform of Fannie Mae and Freddie Mac is appropriate, but itâs most important to increase their ...
December 18, 2007 Fannie Mae and Freddie Mac: Proposals to Regulate Their Mortgage ...
HR 3777, HR 3838, and S. 2169, 110th Congress, focus on allowing the GSEs to increase their retained mortgage portfolios. S. 2036 is similar, but would also increase the maximum size of a mortgage that the GSEs can purchase. ...
Source: Open CRS: Recently Added
October 15, 2007 Bill Action: Introduced: S. 2169: A bill to temporarily increase ...
Charles Schumer [D-NY] introduced S. 2169: A bill to temporarily increase 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 ...








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