Federal housing and mortgage legislation (U.S.) - Revision history

http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&feed=atom&action=history Federal housing and mortgage legislation (U.S.) - Revision history 2013-05-24T12:31:50Z Revision history for this page on the wiki MediaWiki 1.17.2 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54276&oldid=prev Kobe123 at 13:33, May 21, 2013 2013-05-21T13:33:25Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 13:33, May 21, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 231:</td> <td colspan="2" class="diff-lineno">Line 231:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*[[Public housing legislation]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*[[Public housing legislation]]</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*[[Comprehensive Immigration Reform Act of 2007]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*[[Comprehensive Immigration Reform Act of 2007]]</div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">*[http://paydaypro.co.uk Quick Cash]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Relevant committees:</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Relevant committees:</div></td></tr>  </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54271&oldid=prev Kobe123 at 14:18, May 15, 2013 2013-05-15T14:18:08Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 14:18, May 15, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 121:</td> <td colspan="2" class="diff-lineno">Line 121:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**A temporary tax deduction of up to $1,000 for existing homeowners who don't itemize their tax return deductions.<ref name="Montgomery 04-11-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**A temporary tax deduction of up to $1,000 for existing homeowners who don't itemize their tax return deductions.<ref name="Montgomery 04-11-08">_</ref></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The [[Bush administration]] announced that while it supported the increase in FHA loan limits, it opposed the tax break for buyers of foreclosed homes and the increase in bonds for local governments to purchase foreclosed homes because they would place non-foreclosed homeowners trying to sell their houses.<ref name="Montgomery 04-11-08">_</ref> President Bush stated that he supported measures to authorize state and local housing agencies to use tax-exempt bonds to refinance mortgages at risk of default, but that he opposed other measures supported by Democrats that cost additional money.<ref name="Herzenhorn 05-02-2008">_</ref></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The [[Bush administration]] announced that while it supported the increase in FHA loan limits, it opposed the tax break for buyers of foreclosed homes and the increase in bonds for local governments to purchase foreclosed homes because they would place non-foreclosed homeowners trying to sell their houses.<ref name="Montgomery 04-11-08">_</ref> President Bush stated that he supported measures to authorize state and local housing agencies to use tax-exempt bonds to refinance mortgages at risk of default, but that he opposed other measures supported by Democrats that cost additional money.<ref name="Herzenhorn 05-02-2008">_</ref> <ins class="diffchange diffchange-inline">[http://www.kwikcash.co.uk/minicredit.aspx Kwik Cash mini credit]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>=== House passes new version in May 2008 ===</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>=== House passes new version in May 2008 ===</div></td></tr>  </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54259&oldid=prev Kobe123 at 14:32, May 8, 2013 2013-05-08T14:32:10Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 14:32, May 8, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 220:</td> <td colspan="2" class="diff-lineno">Line 220:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Articles on legislation:</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Articles on legislation:</div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">[http://www.mypayday.co.uk Payday Advance]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*General federal budget</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*General federal budget</div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54246&oldid=prev Kobe123 at 08:42, May 2, 2013 2013-05-02T08:42:28Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 08:42, May 2, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 207:</td> <td colspan="2" class="diff-lineno">Line 207:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>On October 22, 2007, Rep. [[Bradley Miller]] introduced legislation aimed at tightening controls over the home mortgage industry. The [http://www.opencongress.org/bill/110-h3915/show Mortgage Reform and Anti-Predatory Lending Act of 2007] would force brokers to ensure borrowers can repay loans, by performing credit checks and verifying income. It would also require mortgage brokers to provide a plain-English explanation of loan terms.<ref name="Long">Kate Long, [http://wvgazette.com/section/News/2007111022 Mortgage bill may keep states from fighting predators], ''The Charleston Gazette'', November 11, 2007</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>On October 22, 2007, Rep. [[Bradley Miller]] introduced legislation aimed at tightening controls over the home mortgage industry. The [http://www.opencongress.org/bill/110-h3915/show Mortgage Reform and Anti-Predatory Lending Act of 2007] would force brokers to ensure borrowers can repay loans, by performing credit checks and verifying income. It would also require mortgage brokers to provide a plain-English explanation of loan terms.<ref name="Long">Kate Long, [http://wvgazette.com/section/News/2007111022 Mortgage bill may keep states from fighting predators], ''The Charleston Gazette'', November 11, 2007</ref></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The bill would also prohibit brokers—those who connect lenders and borrowers—from "steering" applicants toward loans that aren't good for consumers. It would also include provisions stating all brokers be licensed and registered.<ref name="Kelly">Tom Kelly, [http://www.boston.com/realestate/news/articles/2007/11/07/mortgage_brokers_fear_extinction_if_new_bill_passes/ Mortgage brokers fear 'extinction' if new bill passes], ''The Boston Globe'', November 7, 2007</ref></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The bill would also prohibit brokers—those who connect lenders and borrowers—from "steering" applicants toward loans that aren't good for consumers. It would also include provisions stating all brokers be licensed and registered.<ref name="Kelly">Tom Kelly, [http://www.boston.com/realestate/news/articles/2007/11/07/mortgage_brokers_fear_extinction_if_new_bill_passes/ Mortgage brokers fear 'extinction' if new bill passes], ''The Boston Globe'', November 7, 2007</ref><ins class="diffchange diffchange-inline">&nbsp; [http://rescuefinance.co.uk Payday UK]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Some state attorneys general have argued that an amendment to the bill would trump state laws against predatory lending. Rep. [[Barney Frank]], chairman of the House Financial Securities committee, confirmed state laws might be trumped by the act, but only under certain circumstances, only when "relating to or arising out of the specific ability to repay and net tangible benefit standards set forth in the bill."<ref name="Long">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>Some state attorneys general have argued that an amendment to the bill would trump state laws against predatory lending. Rep. [[Barney Frank]], chairman of the House Financial Securities committee, confirmed state laws might be trumped by the act, but only under certain circumstances, only when "relating to or arising out of the specific ability to repay and net tangible benefit standards set forth in the bill."<ref name="Long">_</ref></div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54240&oldid=prev Kobe123 at 12:14, April 26, 2013 2013-04-26T12:14:57Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 12:14, April 26, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 187:</td> <td colspan="2" class="diff-lineno">Line 187:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Requires that lenders set new terms for the loans of homeowners facing foreclosure. They would have to reduce the loan amount (principal) to no more than 90 percent of the home's value, as determined by an updated appraisal (likely often lower than the price paid for the home). The interest rate, likely a high adjustable rate, would also be reset to a 30-year fixed rate. To be eligible for the renegotiation, homeowners would be required to show that they could repay the new loan and would forfeit the property in the event of a default on the loan. House Democrats estimated that the plan could be used by as many as 1.5 million homeowners.<ref name="Herzenhorn 05-02-2008">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Requires that lenders set new terms for the loans of homeowners facing foreclosure. They would have to reduce the loan amount (principal) to no more than 90 percent of the home's value, as determined by an updated appraisal (likely often lower than the price paid for the home). The interest rate, likely a high adjustable rate, would also be reset to a 30-year fixed rate. To be eligible for the renegotiation, homeowners would be required to show that they could repay the new loan and would forfeit the property in the event of a default on the loan. House Democrats estimated that the plan could be used by as many as 1.5 million homeowners.<ref name="Herzenhorn 05-02-2008">_</ref></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Contained $300 billion to insure the renegotiated loans by the Federal Housing Administration.<ref name="Herzenhorn 05-02-2008">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Contained $300 billion to insure the renegotiated loans by the Federal Housing Administration.<ref name="Herzenhorn 05-02-2008">_</ref></div></td></tr> <tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>*Gives the federal government a share of any future sale of the home. The share would be the greater of 3 percent of the new loan amount or 50 percent of the sale profit.<ref name="Herzenhorn 05-02-2008">_</ref></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>*Gives the federal government a share of any future sale of the home. The share would be the greater of 3 percent of the new loan amount or 50 percent of the sale profit.<ref name="Herzenhorn 05-02-2008">_</ref><ins class="diffchange diffchange-inline">&nbsp; [http://www.paydaybank.co.uk/paydaybank-comparison-with-the-money-shop.aspx Money Shop]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>== Expanding American Homeownership Act - H.R.1852 ==</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>== Expanding American Homeownership Act - H.R.1852 ==</div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54225&oldid=prev Kobe123 at 12:12, April 18, 2013 2013-04-18T12:12:35Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 12:12, April 18, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 83:</td> <td colspan="2" class="diff-lineno">Line 83:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''For all homeowners:'''</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''For all homeowners:'''</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**A new tax deduction for existing homeowners who don't itemize their tax return deductions, estimated to be worth up to $1,000 in savings.<ref name="Montgomery 04-03-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**A new tax deduction for existing homeowners who don't itemize their tax return deductions, estimated to be worth up to $1,000 in savings.<ref name="Montgomery 04-03-08">_</ref></div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">*[http://billcracker.co.uk Quick Cash Loans]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Dodd-Shelby package did not contain previous Democratic proposals to allow judges to lower the interest rates on the home mortgages of people in bankruptcy (originally included in the Democratic proposal), a plan to permit the [[Federal Housing Authority]] to underwrite $300 billion in low-interest mortgages for homeowners in trouble, and contained only half the $200 million Democrats wanted for loan counseling. Economic think tanks on both the liberal ([[Center for Economic and Policy Research]]) and conservative ([[Heritage Foundation]]) side said the initial package would have little effect on the crisis.<ref name="Montgomery 04-03-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Dodd-Shelby package did not contain previous Democratic proposals to allow judges to lower the interest rates on the home mortgages of people in bankruptcy (originally included in the Democratic proposal), a plan to permit the [[Federal Housing Authority]] to underwrite $300 billion in low-interest mortgages for homeowners in trouble, and contained only half the $200 million Democrats wanted for loan counseling. Economic think tanks on both the liberal ([[Center for Economic and Policy Research]]) and conservative ([[Heritage Foundation]]) side said the initial package would have little effect on the crisis.<ref name="Montgomery 04-03-08">_</ref></div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54214&oldid=prev Kobe123 at 12:53, April 4, 2013 2013-04-04T12:53:22Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 12:53, April 4, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 14:</td> <td colspan="2" class="diff-lineno">Line 14:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>This bill is the main housing and mortgage bill in Congress.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>This bill is the main housing and mortgage bill in Congress.</div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">[http://www.apayday.co.uk pay day loan]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>=== Bill summary ===</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>=== Bill summary ===</div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54205&oldid=prev Kobe123 at 08:43, March 23, 2013 2013-03-23T08:43:30Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 08:43, March 23, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 19:</td> <td colspan="2" class="diff-lineno">Line 19:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The latest version of the bill voted on in the Senate contained:</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The latest version of the bill voted on in the Senate contained:</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>*'''A "rescue refinancing" package:'''</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>*'''A "rescue refinancing" package:''' <ins class="diffchange diffchange-inline">[http://www.kwikpayday.co.uk/kwik-quid.aspx KwikQuid]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**Qualified homeowner/borrowers can refinance their mortgages into 30-year, fixed-rate loan, whose monthly payments would be lower. The amount of the loan would be reduced to about 85 percent of its current market value. They will also have to pay fees that go to paying the costs of the system.<ref name="Herszenhorn 06-25-08">David Herszenhorn, [http://www.nytimes.com/2008/06/25/washington/25housing.html?partner=rssnyt&emc=rss&pagewanted=print "Approval Is Near for Bill to Help U.S. Homeowners,"] ''New York Times'', June 25, 2008.</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>**Qualified homeowner/borrowers can refinance their mortgages into 30-year, fixed-rate loan, whose monthly payments would be lower. The amount of the loan would be reduced to about 85 percent of its current market value. They will also have to pay fees that go to paying the costs of the system.<ref name="Herszenhorn 06-25-08">David Herszenhorn, [http://www.nytimes.com/2008/06/25/washington/25housing.html?partner=rssnyt&emc=rss&pagewanted=print "Approval Is Near for Bill to Help U.S. Homeowners,"] ''New York Times'', June 25, 2008.</ref></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>***To qualify, borrowers would have to continue to live in the home and prove that they can make the new, reduced payments.<ref name="Herszenhorn 06-25-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>***To qualify, borrowers would have to continue to live in the home and prove that they can make the new, reduced payments.<ref name="Herszenhorn 06-25-08">_</ref></div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54195&oldid=prev Kobe123 at 11:53, March 15, 2013 2013-03-15T11:53:24Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 11:53, March 15, 2013</td> </tr><tr><td colspan="2" class="diff-lineno">Line 29:</td> <td colspan="2" class="diff-lineno">Line 29:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''Reforms for Fannie Mae and Freddie Mac:''' Fannie Mae and Freddie Mac would receive a regulatory overhaul and increase the limits on loans in expensive markets they can purchase from lenders from $417,000 to $625,000. This encourages lenders to give more loans in that range.<ref name="Herszenhorn 06-25-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''Reforms for Fannie Mae and Freddie Mac:''' Fannie Mae and Freddie Mac would receive a regulatory overhaul and increase the limits on loans in expensive markets they can purchase from lenders from $417,000 to $625,000. This encourages lenders to give more loans in that range.<ref name="Herszenhorn 06-25-08">_</ref></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>*'''Loan counseling:''' $150 million to expand loan counseling for borrowers.<ref name="Herszenhorn 06-25-08">_</ref></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>*'''Loan counseling:''' $150 million to expand loan counseling for borrowers.<ref name="Herszenhorn 06-25-08">_</ref> <ins class="diffchange diffchange-inline">[http://www.paydaybank.co.uk/pay-day-loans.aspx Payday Loan Lenders]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''New regulation of lenders:''' Mortgage lenders would be required to disclose more information on loans, including the projected monthly payments for adjustable rate loans.<ref name="Herszenhorn 06-25-08">_</ref></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*'''New regulation of lenders:''' Mortgage lenders would be required to disclose more information on loans, including the projected monthly payments for adjustable rate loans.<ref name="Herszenhorn 06-25-08">_</ref></div></td></tr> </table>

Kobe123 http://www.opencongress.org/w/index.php?title=Federal_housing_and_mortgage_legislation_(U.S.)&diff=54182&oldid=prev Kobe123 at 10:19, March 1, 2013 2013-03-01T10:19:24Z

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