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S.2169

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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

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Bill Status

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IntroducedresultVoted on by SenateresultVoted on by HouseresultConsidered By PresidentresultBill Becomes Law
October 16, 2007
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In the News feed

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 ...

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Source: RisMedia.com (press release), CT


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Blog Coverage feed

January 23, 2008 Homeowners Call for Immediate Comprehensive and Balanced Economic ...

Congress should raise the limits on Fannie’s and Freddie’s 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 it’s most important to increase their ...

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Source: Let's Make Your Move Real Estate Info Blog


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. ...

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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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Source: Active Legislation -- Tracked by GovTrack.us


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