U.S. Congress - S.2909 Rebuilding Equity Act of 2012
S.2909 - Rebuilding Equity Act of 2012
A bill to require closing costs to be paid by the enterprises with respect to certain refinanced mortgage loans, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to require closing costs to be paid by the enterprises with respect to certain refinanced mortgage loans, and for other purposes. as introduced.
- Short: Rebuilding Equity Act of 2012 as introduced.
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Official Summary
5/8/2012--Introduced.Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for thOfficial Summary
5/8/2012--Introduced.Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, in which the GSE shall pay for the closing costs associated with applying for and receiving the refinancing when the borrower agrees to refinance into a fully amoritizing loan with a term of not longer than 20 years....Read the Rest
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