There is 1 version of this bill. View text

Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Preserving Equal Access to Mortgage Finance Programs Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To permanently increase the conforming loan limits for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association and the FHA maximum mortgage amount limitations.


Actions Overview (1)

Date
05/05/2011Introduced in House

All Actions (4)

Date
06/02/2011Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Action By: Committee on Financial Services
06/02/2011Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Action By: Committee on Financial Services
05/05/2011Referred to the House Committee on Financial Services.
Action By: House of Representatives
05/05/2011Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services05/05/2011 Referred to
House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises06/02/2011 Referred to
House Financial Services Subcommittee on Insurance, Housing and Community Opportunity06/02/2011 Referred to

No related bill information was received for H.R.1754.


Subjects (4)


Latest Summary (1)

There is one summary for H.R.1754. View summaries

Shown Here:
Introduced in House (05/05/2011)

Preserving Equal Access to Mortgage Finance Programs Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to increase limitations on the maximum original principal obligation of mortgages that may purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation Association (Freddie Mac).

Increases such limitations in areas where 125% (currently, 115%) of the median price of residences of a particular size exceed existing mortgage purchase limitations for such residence size.

Gives the Director of the Federal Housing Finance Agency (FHFA) discretion to prevent or limit a decrease in the limitation on the maximum original principal obligation of a mortgage that may be purchased by the corporation for an area.

Amends the National Housing Act to raise limitations on the maximum principal obligation of mortgages that may be insured by the Secretary of Housing and Urban Development (HUD).

Gives the Secretary discretion to prevent or limit a decrease in the maximum dollar amount limitation for any area from taking place for any such area.