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) 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 termi... moreSee Full Bill Text
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| November 13, 2007 |
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Blog Coverage
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November 12, 2007 Bill Action: Introduced: S. 2346: A bill to temporarily increase ...
Charles Schumer [D-NY] introduced S. 2346: 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 ...
November 12, 2007 S. 2346, A bill to temporarily increase the portfolio caps ...
S. 2346 would temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, and it would provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, ...








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