3.0.0 2475 2023-01-11T16:17:54Z 2023-01-11T16:17:54Z House H HR 2007-05-24 110 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2007-12-10T17:01:16Z Referred to 2007-05-24T14:04:00Z hsvr00 Veterans' Affairs Committee House Standing hsvr10 Economic Opportunity Subcommittee Hearings by 2007-06-21T21:27:16Z Referred to 2007-05-29T21:23:15Z Referred to 2007-05-24T14:03:50Z 2007-12-10 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2007-06-21 hsvr10 Economic Opportunity Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2007-05-29 hsvr10 Economic Opportunity Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Opportunity. Committee 2007-05-24 Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-05-24 Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2007-05-24 Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsvr00 Veterans' Affairs Committee 2007-05-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-24 Introduced in House IntroReferral 1000 9 Library of Congress M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 N B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2007-05-24 True I000026 Rep. Inslee, Jay [D-WA-1] JAY INSLEE D WA 1 2007-07-23 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2008-03-31 False Armed Forces and National Security Administrative fees Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Home equity conversion Housing and Community Development Mortgage guaranty insurance Mortgages Secondary mortgage market Social Welfare Veterans' benefits Armed Forces and National Security 00 2007-05-24 Introduced in House 2007-08-30T15:08:17Z Veteran Home Equity Conversation [sic] Mortgage Act of 2007 - Authorizes the Secretary of Veterans Affairs to guarantee any home equity conversion mortgage (mortgage) made to an elderly (62 or older) veteran homeowner, as long as the Secretary determines that the mortgage: (1) is likely to improve the financial situation or otherwise meet the special needs of the homeowner; (2) will include safeguards to offset special risks associated with such a mortgage; and (3) has appropriate terms to ensure its acceptance in the secondary mortgage market.

Allows such mortgage to be guaranteed only if it is secured by a dwelling, farm residence, or manufactured home permanently affixed to a lot that is owned and occupied by the elderly veteran homeowner.

Authorizes the Secretary to: (1) guarantee any mortgage given to refinance an existing home equity conversion mortgage guaranteed by the Secretary; (2) establish a mortgage guarantee fee; and (3) waive the mortgage guarantee fee in certain circumstances.

]]> Veteran Home Equity Conversion Mortgage Act of 2007 Display Title Veteran Home Equity Conversion Mortgage Act of 2007 Official Title as Introduced To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to guarantee home equity conversion mortgages for elderly veteran homeowners. Introduced in House IH Short Titles as Introduced Veteran Home Equity Conversion Mortgage Act of 2007 Introduced in House 2007-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2475ih/xml/BILLS-110hr2475ih.xml 2007-12-10 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.