3.0.0 5153 2023-01-11T13:15:16Z 2023-01-11T13:15:16Z House H HR 2008-01-29 110 hsba00 Financial Services Committee House Standing Referred to 2008-01-29T15:30:25Z 2008-01-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-01-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-01-29 Introduced in House IntroReferral 1000 9 Library of Congress K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 N Housing and Community Development Economics and Public Finance Federally-assisted loans Finance and Financial Sector Housing finance Mortgages Secondary mortgage market Housing and Community Development 00 2008-01-29 Introduced in House 2008-03-27T21:23:05Z Conforming Loan Limit Temporary Adjustment Act of 2008 - Increases the maximum original principal obligation of certain mortgages originated between July 1, 2007, and December 31, 2008, that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation Association (Freddie Mac).

Allows a loan whose principal amount is 125% of the area median price for a residence of applicable size, up to 175% of the regular loan limitation.

Expresses the sense of Congress that: (1) securitization of mortgages by Fannie Mae and Freddie Mac plays an important role in providing liquidity to the U.S. housing markets; and (2) Congress, therefore, encourages Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits established in this Act.

]]> Conforming Loan Limit Temporary Adjustment Act of 2008 Display Title Conforming Loan Limit Temporary Adjustment Act of 2008 Official Title as Introduced To increase temporarily the conforming loan limits of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation in certain areas, enhance mortgage market liquidity, and for other purposes. Introduced in House IH Short Titles as Introduced Conforming Loan Limit Temporary Adjustment Act of 2008 Introduced in House 2008-01-29T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5153ih/xml/BILLS-110hr5153ih.xml 2008-01-29 Referred to the House Committee on Financial Services. 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.