3.0.0 5958 2019-11-15T20:55:39Z 2019-11-15T20:55:39Z House H HR 2008-05-05 110 hsba00 Financial Services Committee House Standing Referred to 2008-05-05T16:31:05Z 2008-05-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-05-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-05-05 Introduced in House IntroReferral 1000 9 Library of Congress M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 N M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2008-05-05 True G000021 Rep. Gallegly, Elton [R-CA-24] ELTON GALLEGLY R CA 24 2008-05-06 False H001039 Rep. Hall, John J. [D-NY-19] John Hall D NY J. 19 2008-05-06 False F000440 Rep. Fossella, Vito [R-NY-13] VITO FOSSELLA R NY 13 2008-05-06 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2008-05-06 False B001228 Rep. Bono, Mary [R-CA-45] Mary Bono R CA 45 2008-05-06 False S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2008-05-07 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2008-05-07 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2008-05-08 False C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2008-05-13 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2008-05-14 False Housing and Community Development Economics and Public Finance Federally-assisted loans Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Government publicity Housing finance Mortgage banks Mortgage guaranty insurance Mortgages Secondary mortgage market Housing and Community Development 00 2008-05-05 Introduced in House 2008-07-31T21:29:22Z Homeowner Opportunity Act of 2008 - Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the National Housing Act to make permanent certain increases in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Expresses the sense of the Congress to encourage Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits to the extent that such securitizations do not impose additional costs for mortgages originated, purchased, or securitized under the existing limits, or interfere with the goal of adding liquidity to the market.

Amends the National Housing Act to: (1) increase the mortgage loan limit for mortgage insurance in high-cost areas; and (2) direct the Secretary of Housing and Urban Development to publish the median house prices and mortgage principal obligation limits for all areas each year.

]]> Homeowner Opportunity Act of 2008 Short Titles as Introduced Homeowner Opportunity Act of 2008 Display Title Homeowner Opportunity Act of 2008 Official Title as Introduced To make permanent the increases made by the Economic Stimulus Act of 2008 in the loan limits for the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the FHA. Introduced in House 2008-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5958ih/xml/BILLS-110hr5958ih.xml 2008-05-05 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.