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3/7/2008--Introduced.<br/>Security Against Foreclosures and Education Act, or the SAFE Act - Amends the Internal Revenue Code to allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans. Requires the Neighborhood Reinvestment Corporation to continue to award expeditiously certain funds already provided for mortgage foreclosure counseling. Amends the Code to allow purchasers of certain single-family principal residences a one-time tax credit. Amends the Truth in Lending Act to: (1) revise creditor mortgage loan disclosure requirements; and (2) increase civil damages for noncompliance with such Act. Amends the Code to: (1) allow a five-year carryback of net operating losses for certain taxable years; and (2) suspend through taxable year 2009 the 90% of alternative minimum taxable income limit for certain adjustments to the alternative (minimum) tax net operating loss deduction. Amends the Servicemembers Civil Relief Act of 1940 to expand the period of moratorium on foreclosure sales after a servicemember's service. Requires the Secretary of Defense to develop a program for mortgage foreclosure prevention counseling for members of the Armed Forces returning from service abroad. FHA Modernization Act of 2008 - Amends the National Housing Act (NHA) to: (1) revise requirements for the maximum principal loan obligation eligible for mortgage insurance, as well as the cash investment requirement; and (2) prohibit seller-funded downpayment assistance. Replaces the General Insurance Fund (GIF) with the Mutual Mortgage Insurance (MMI) Fund as the depository of all funds involved in rehabilitation loans for one- to four-family structures. Eliminates the limitation on the aggregate number of home equity conversion mortgages (HECMs) for elderly homeowners insured under the Act. Authorizes the Secretary of Housing and Urban Development (HUD) to insure HECMs. Establishes a single national loan limit for HECMs. Amends the Energy Policy Act of 1992 to raise the cap on the price of cost-effective energy efficiency improvements under the energy efficiency mortgages program. Amends the NHA to require the Secretary to establish a pilot program for an automated process to provide alternative credit rating information on mortgagors and prospective mortgagors. Amends the Housing and Urban Development Act of 1968 to revise post-purchase housing counseling eligibility requirements. Directs the Secretary to establish a pre-purchase homeownership counseling demonstration program. Places limitations on mortgage insurance premium increases. Imposes a one-year moratorium on implementation by the Secretary of certain risk-based premiums. FHA Manufactured Housing Loan Modernization Act of 2008 - Amends the National Housing Act regarding FHA housing loan insurance for manufactured homes (or lots for such homes). Increases manufactured home loan limits, requiring annual indexing. Sets forth borrower premium charges. Amends the NHA to apply the prohibition against kickbacks and unearned fees in the Real Estate Settlement Procedures Act of 1974 (RESPA) to each sale of a manufactured home financed with an FHA-insured loan or extension of credit and related services. Prescribes certain lease requirements as prerequisites for HUD insurance of any loan, advance of credit, or purchase of such a loan or credit to finance a manufactured home intended to be located in a manufactured home community under a lease.<br/>

1205208000 2008-03-11 Fri Nov 07 17:57:07 -0600 2008 introduced 49576 'act':2 'safe':1 59521 false short introduced 49576 'act':6 'educ':5 'secur':1 'foreclosur':3 59522 false short introduced 49576 'aid':4 'bill':2 'face':8 'home':9 'crisi':16 'famili':5 'address':12 'mortgag':15 'subprim':14 'foreclosur':10 'neighborhood':7 57694 false official action 49576 1205208000 Tue Mar 11 00:00:00 -0500 2008 155815 Star Print ordered on the bill. B000611 1939-03-06 4177 274 Russell Senate Office Building http://bond.senate.gov/public/index.cfm?FuseAction=ContactUs.ContactForm 202-224-8149 Christopher 'r':4 'mo':5 'kit':8 'sen':1 'bond':3,7,10 'christoph':2,6,9 M 300010 Bond Christopher_S._Bond S. Sen. Christopher Bond [R, MO] 2110 Kit N00005178 10242 Republican 202-224-5721 Presbyterian MO Kit Christopher Bond 3.3859649122807 http://bond.senate.gov/public/ CSBondMO A000360 1940-07-03 7601 455 Dirksen Senate Office Building http://alexander.senate.gov/public/index.cfm?FuseAction=Contact.Home 202-228-3398 Lamar 'r':4 'tn':5 'sen':1 'lamar':2,6,8 'alexand':3,7,9 M 300002 Alexander Lamar_Alexander Sen. Lamar Alexander [R, TN] 4707 N00009888 11921 Republican 202-224-4944 Presbyterian TN Lamar Alexander 2.74418604651163 http://alexander.senate.gov/public/ lamaralexander A000109 1943-12-02 2876 Wayne 'wayn':1,3,5 'allard':2,4,6 M 300003 Allard Wayne_Allard A. Wayne Allard 1835 N00009082 7104 Republican Protestant Wayne Allard C000286 1943-11-10 4217 416 Russell Senate Office Building http://chambliss.senate.gov/public/index.cfm?p=Email 202-224-0103 Saxby 'r':4 'ga':5 'sen':1 'saxbi':2,6,8 'chambliss':3,7,9 M 300021 Chambliss Saxby_Chambliss Sen. Saxby Chambliss [R, GA] 1548 N00002685 13289 Republican 202-224-3521 Episcopalian GA Saxby Chambliss 3.96666666666667 http://chambliss.senate.gov/public/index.cfm C001057 1949-08-17 9617 Norm 'norm':1,3,5 'coleman':2,4,6 M 300024 Coleman Norm_Coleman Norm Coleman 3923 N00013870 8560 Republican Jewish Norm Coleman 2.8 C001056 1952-02-02 14204 517 Hart Senate Office Building http://cornyn.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm 202-228-2856 John 'r':4 'tx':5 'sen':1 'john':2,6,8 'cornyn':3,7,9 M 300027 Cornyn John_Cornyn Sen. John Cornyn [R, TX] 6611 N00024852 33190 Republican 202-224-2934 Church of Christ TX John Cornyn 4.2093023255814 http://cornyn.senate.gov/public/ senjohncornyn C000858 1945-07-20 9683 Larry 'craig':2,4,6 'larri':1,3,5 M 300029 Craig Larry_Craig E. Larry Craig 3529 N00002091 5655 Republican Methodist Larry Craig 0.285714285714286 D000601 1936-07-29 4765 Elizabeth 'dole':2,4,6 'elizabeth':1,3,5 F 300035 Dole Elizabeth_Dole H. Elizabeth Dole 2257 N00008071 7522 Republican Presbyterian Elizabeth Dole 5.0 E000194 1958-03-25 7731 119 Russell Senate Office Building http://ensign.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm 202-228-2193 John 'r':4 'nv':5 'sen':1 'john':2,6,8 'ensign':3,7,9 M 300040 Ensign John_Ensign Eric Sen. John Ensign [R, NV] 3959 N00006619 10321 Republican 202-224-6244 Christian NV John Ensign 3.94871794871795 http://ensign.senate.gov/public/ SenatorEnsign H000338 1934-03-22 9134 104 Hart Senate Office Building http://hatch.senate.gov/public/index.cfm?FuseAction=Offices.Contact 202-224-6331 Orrin 'r':4 'ut':5 'sen':1 'hatch':3,7,9 'orrin':2,6,8 M 300052 Hatch Orrin_Hatch G. Sen. Orrin Hatch [R, UT] 5392 N00009869 9556 Republican 202-224-5251 Latter Day Saints UT Orrin Hatch 2.96153846153846 http://hatch.senate.gov/public/ H001016 1943-07-22 1119 284 Russell Senate Office Building http://hutchison.senate.gov/contact.cfm 202-224-0776 Kay 'r':4 'tx':5 'kay':2,6,8 'sen':1 'hutchison':3,7,9 F 300054 Hutchison Kay_Hutchison Bailey Sen. Kay Hutchison [R, TX] 170 N00005675 17032 Republican 202-224-5922 Episcopalian TX Kay Hutchison 4.39449541284404 http://hutchison.senate.gov/ SenatorHutchison I000024 1934-11-17 7550 453 Russell Senate Office Building http://inhofe.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm 202-228-0380 James 'r':4 'ok':5 'jim':8 'sen':1 'jame':2,6,9 'inhof':3,7,10 M 300055 Inhofe James_Inhofe M. Sen. James Inhofe [R, OK] 2619 Jim N00005582 9762 Republican 202-224-4721 Presbyterian OK Jim James Inhofe 3.96610169491525 http://inhofe.senate.gov/public/ JimInhofePressOffice I000055 1944-12-28 2546 120 Russell Senate Office Building http://isakson.senate.gov/contact.cfm 202-228-0724 John 'r':4 'ga':5 'sen':1 'john':2,6,9 'johnni':8 'isakson':3,7,10 M 400194 Isakson Johnny_Isakson H. Sen. John Isakson [R, GA] 1249 Johnny N00002593 10374 Republican 202-224-3643 Methodist GA Johnny John Isakson 3.75675675675676 http://isakson.senate.gov M000355 1942-02-20 12447 361-a Russell Senate Office Building http://mcconnell.senate.gov/contact_form.cfm 202-224-2499 Mitch 'r':4 'ky':5 'sen':1 'mitch':2,6,8 'mcconnel':3,7,9 M 300072 McConnell Mitch_McConnell Sen. Mitch McConnell [R, KY] 6466 N00003389 11728 Republican 202-224-2541 Baptist KY Mitch McConnell 2.91304347826087 http://mcconnell.senate.gov/ RepublicanLeader M001153 1957-05-22 6174 709 Hart Senate Office Building http://murkowski.senate.gov/contact.cfm 202-224-5301 Lisa 'r':4 'ak':5 'sen':1 'lisa':2,6,8 'murkowski':3,7,9 F 300075 Murkowski Lisa_Murkowski A. Sen. Lisa Murkowski [R, AK] 2989 N00026050 10582 Republican 202-224-6665 Roman Catholic AK Lisa Murkowski 4.23684210526316 http://murkowski.senate.gov/ senatormurkowski S000888 1923-11-18 8197 Ted 'ted':1,3,5 'steven':2,4,6 M 300094 Stevens Ted_Stevens F. Ted Stevens 2728 N00007997 7176 Republican Episcopalian Ted Stevens 0.818181818181818 action 49576 1205208000 Tue Mar 11 00:00:00 -0500 2008 155815 Star Print ordered on the bill. calendar 49576 1205121600 Mon Mar 10 00:00:00 -0500 2008 155814 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 613. introduced 49576 1204866000 Fri Mar 07 00:00:00 -0600 2008 147024 action 49576 1204866000 Fri Mar 07 00:00:00 -0600 2008 155813 Sponsor introductory remarks on measure. (CR S1743-1744) action 49576 1204866000 Fri Mar 07 00:00:00 -0600 2008 147025 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.