U.S. Congress - S.2346 PROMISE Act
S.2346 - PROMISE Act
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. view all titles (3)
All Bill Titles
- Official: 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. as introduced.
- Short: PROMISE Act as introduced.
- Short: Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007 as introduced.
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Official Summary
11/13/2007--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 terminate,Official Summary
11/13/2007--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 terminate, suspend, modify, or otherwise lift:
(1) the limitation on growth provision set forth in the Fannie Mae Consent Decree (the OFHEO order dated May 23, 2006, in the matter of the Federal National Mortgage Association (Fannie Mae)); and
(2) the voluntary temporary growth limitation described in the Freddie Mac Letter (dated July 31, 2006, from the Chairman and Chief Executive Officer of the Federal Home Loan Mortgage Corporation (Freddie Mac) to the OFHEO Director). Requires:
(1) the Director to increase the mortgage portfolio limitations of both enterprises by at least 10%; and
(2) the use of 85% of such increase for refinancing subprime mortgages at risk of foreclosure.
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Recent Blog Coverage
BGH: Geltung des Abflussprinzips, Pauschalabzüge bei einzelnen ...
November 2003, BGBl., I S. 2346 - BetrKV). ⦠Der Vermieter muss die Kosten der umlagefähigen Hauswartstätigkeit einerseits und die nicht umlagefähigen Verwaltungs-, Instandhaltungs- und Instandsetzungskosten andererseits nachvollziehbar ...
Hartz IV - Nebenkosten sind vom Amt zu tragen - Der Sozialticker
November 2003 (BGBl I S. 2346).â die laufenden öffentlichen Lasten des Grundstücks (insbesondere die Grundsteuer),; die Gebühren für Wasserzähler und Wassermengenregler,; die Kosten der Entwässerung des Grundstücks ...
Marriage penalty tax
... the average taxpayer in the top income quintile will receive $1, 064 in 2010 due to marriage penalty tax cuts, compared to just The Senate Finance Committee reported a $287 billion five year marriage penalty tax cut (S. 2346), ...
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