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H.R.600 FHA Seller-Financed Downpayment Reform Act of 2009, 111th Congress

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Official Bill Info

  • Latest Action: Jan 16, 2009 Referred to the House Committee on Financial Services.

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    I know the most recent action for this bill is as follows: "Referred to the House Committee on Financial Services." on Jan 16, 2009
  • Committee Assignment: House Committee on Financial Services

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    This bill has been assigned to the House Committee on Financial Services committee.

Bill Statistics on OpenCongress

  • 38% of users oppose H.R.600

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    38% of users on OpenCongress.org, a free, non-partisan resource, oppose H.R.600.
  • H.R.600 has been viewed 15,859 times

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    H.R.600 has been viewed 15,859 times on OpenCongress.org, a free, non-partisan resource.
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    OpenCongress Bill Summary

    • This bill would reauthorize and reform downpayment assistance programs (DPA) for creditworthy home buyers, which include funds furnished directly or indirectly by the seller or any other party financially benefiting from the transaction.

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      Here's a summary from OpenCongress.org: This bill would reauthorize and reform downpayment assistance programs (DPA) for creditworthy home buyers, which include funds furnished directly or indirectly by the seller or any other party financially benefiting from the transaction.

    Supporting Organizations

    • AmeriDream, Inc.

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      I know that the organization AmeriDream, Inc. supports H.R.600
    • DPA Groundswell

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      I know that the organization DPA Groundswell supports H.R.600
    • Nehemiah Corp

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      I know that the organization Nehemiah Corp supports H.R.600
    • Care - 2 letters

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      I know that the organization Care - 2 letters supports H.R.600

    Most-commented sections of the bill text

    Highest Rated User Comments

    • On February 17, 2009, by Anonymous - DPA had nothing to do with the artificial market bubble. What caused that were the sub prime loans such as "liar loans", ARMs readjusting, interest only loans, the economy! DPA is exactly what we need now, if you read the bill, you will see that only qualified people will receive DPA.

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      As noted by Anonymous, a user on OpenCongress.org, on February 17, 2009, "DPA had nothing to do with the artificial market bubble. What caused that were the sub prime loans such as "liar loans", ARMs readjusting, interest only loans, the economy! DPA is exactly what we need now, if you read the bill, you will see that only qualified people will receive DPA."
    • On February 19, 2009, by Anonymous - Enough of this throwing money at the wrong things. Nothing happens in this economy until something is SOLD; like the old sales adage. Once the first home is sold, then it progresses up stream picking up momentum along the way: jobs, retail sales, more home sales, mortgage lending, and so on. Let's tell our Congress people to get moving on this bill...NOW!

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      As noted by Anonymous, a user on OpenCongress.org, on February 19, 2009, "Enough of this throwing money at the wrong things. Nothing happens in this economy until something is SOLD; like the old sales adage. Once the first home is sold, then it progresses up stream picking up momentum along the way: jobs, retail sales, more home sales, mortgage lending, and so on. Let's tell our Congress people to get moving on this bill...NOW!"
    • On February 18, 2009, by Anonymous - I'm glad that Congressman Green was written HR 600. He will have reformed DPA once this bill is passed and going forward it will insure responsible lending to families that deserve to get out of the rental planation. Please remember that all of this gifts are tied to the strictest guide lines in the lending industry. For those that opposed, please do your homework first. Responsible lending is safe lending.

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      As noted by Anonymous, a user on OpenCongress.org, on February 18, 2009, "I'm glad that Congressman Green was written HR 600. He will have reformed DPA once this bill is passed and going forward it will insure responsible lending to families that deserve to get out of the rental planation. Please remember that all of this gifts are tied to the strictest guide lines in the lending industry. For those that opposed, please do your homework first. Responsible lending is safe lending."

    Highly Rated Blog Articles

    • Congressional – Deep Thoughts | Home Equity Loans Pa - December 31, 2010 by Home Equity Loans Pa - HR 600 is already a bill proposed by a Texas congressman to address this very issue, but it's dormant. It needs your help. Why would we stop a seller from giving up (on their own ambition) a piece of the fairly derived value of the home ...

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      As noted by Home Equity Loans Pa on December 31, 2010, "HR 600 is already a bill proposed by a Texas congressman to address this very issue, but it's dormant. It needs your help. Why would we stop a seller from giving up (on their own ambition) a piece of the fairly derived value of the home ..." (http://homeequityloanspa.blogsml.com/congressional-deep-thoughts.html)
    • Schumer's Office Visit - December 25, 2010 by Vote For Media Fairness - Conservative Society for Action (CSA) delivers a proclamation from “WE the people” asking Senator Schumer to oppose HR 600, HR 4200, Sen Res 703, and more. Independent media covering the event were barred from excercising their right to ...

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      As noted by Vote For Media Fairness on December 25, 2010, "Conservative Society for Action (CSA) delivers a proclamation from “WE the people” asking Senator Schumer to oppose HR 600, HR 4200, Sen Res 703, and more. Independent media covering the event were barred from excercising their right to ..." (http://www.voteformedia.com/media-bias/schumers-office-visit/)
    • The Chronicles of A Steel Magnolia: Are you a "Distinguished ... - December 24, 2010 by The Chronicles of A Steel Magnolia - On behalf of the Congressional Black Caucus, Congresswoman Jackson-Lee, honored Jackson as a global humanitarian and musical ambassador on behalf of America in HR 600. Jackson-Lee noted how Jackson kept walking through the despair, ...

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      As noted by The Chronicles of A Steel Magnolia on December 24, 2010, "On behalf of the Congressional Black Caucus, Congresswoman Jackson-Lee, honored Jackson as a global humanitarian and musical ambassador on behalf of America in HR 600. Jackson-Lee noted how Jackson kept walking through the despair, ..." (http://thechroniclesofastealmag.blogspot.com/2010/12/are-you-distinguished-warrior.html)

    Highly Rated News Articles

    • DLA Piper: authorities ‘ask, demand or beg’ for more taxes - February 17, 2009 by Kyiv Post, Ukraine - They can switch to grey schemes such as splitting an enterprise into several physical persons-entrepreneurs which will, for example, pay a fixed Hr 600 tax ...

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      As noted by Kyiv Post, Ukraine on February 17, 2009, "They can switch to grey schemes such as splitting an enterprise into several physical persons-entrepreneurs which will, for example, pay a fixed Hr 600 tax ..." (http://www.kyivpost.com/business/bus_focus/35764)
    • Green Introduces Revised Seller-Funded DPA Bill - January 29, 2009 by Inside Mortgage Finance, MD - s outreach arm, Groundswell2, has been sending out e-mails asking mortgage brokers to urge Congress to include HR 600 in the new stimulus package sought by ...

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      As noted by Inside Mortgage Finance, MD on January 29, 2009, "s outreach arm, Groundswell2, has been sending out e-mails asking mortgage brokers to urge Congress to include HR 600 in the new stimulus package sought by ..." (http://www.imfpubs.com/issues/imfpubs_ifha/2_3/news/1000010806-1.html)
    • Dear Mr. President: AmeriDream Pens Open Letter to President Obama ... - January 27, 2009 by PR Newswire (press release), NY - To read the letter in its entirety, or to learn how to support HR 600, visit http://www.ameridream.org/SupportUs/HR600/. BACKGROUND: AmeriDream, a 501(c)(3) ...

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      As noted by PR Newswire (press release), NY on January 27, 2009, "To read the letter in its entirety, or to learn how to support HR 600, visit http://www.ameridream.org/SupportUs/HR600/. BACKGROUND: AmeriDream, a 501(c)(3) ..." (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-28-2009/0004962188&EDATE=)
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