Mortgage Reform and Anti-Predatory Lending Act of 2007

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H.R.3915 (110th Congress) - Mortgage Reform and Anti-Predatory Lending Act of 2007

Status: House Passed

To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes.

Sponsor: Brad MillerCommittees: House Financial Services, Senate Banking, Housing, and Urban Affairs

Article summary (how summaries work)
The bill was introduced to amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans.Lobbying Transparency Act of 2007 on [1].

House Action

The House of Representatives voted on H.R. 3915 on November 15, 2007.

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House Record Vote (1118)

November 15, 2007

On Passage: H R 3915 Mortgage Reform and Anti-Predatory Lending Act
On Passage

Percentage of 'Aye' votes: 67% - Passed

Required percentage of 'Aye' votes: 1/2 (50%)

291

Ayes

127

Nays

	Dem	Rep	Other
Ayes	227	64	0
Nays	0	127	0
Abst.	5	9	0

Additional details and individual vote data are available at OpenCongress.org

Same for all scorecards:

Name of bill: Mortgage Reform and Anti-Predatory Lending Act of 2007
Chamber: U.S. House of Representatives
Roll call number: 1118
Congress number: 110th
Session number: 1
Vote link: U.S. House of Representatives record vote 1118, 110th Congress, Session 1

Scored vote
Scorecard: FreedomWorks 2007 House Scorecard	Org. position: {{{Vote position 1}}}
Description: "This bill imposes unnecessary regulations and exposes lenders to increased liability, which will have the net effect of making mortgage loans harder to get for many Americans. Although mortgage reform is necessary, HR 3915 fails to set clear guidelines for lending companies and opens the door for lawsuit abuse. “Nay” votes scored." (Original scorecard available at: http://www.freedomworks.org/keyvotes/2007_house.php?state=0&submit=Go)

Scored vote
Scorecard: National Journal 2007 House Scorecard	Org. position: {{{Vote position 2}}}
Description: "Revise mortgage lending rules, including by setting minimum standards for home loans. November 15. (291-127)" (Original scorecard available at: http://www.nationaljournal.com/voteratings/house_votes.htm)