3.0.0 2036 2023-01-11T20:28:00Z 2023-01-11T20:28:00Z Senate S S 2007-09-10 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-09-10T21:59:59Z Protecting Access to Safe Mortgages Act 110 3777 HR 2007-10-09 Referred to the House Committee on Financial Services. Related bill CRS 2007-09-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-09-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N Housing and Community Development Finance and Financial Sector Mortgage interest rates Mortgages Housing and Community Development 00 2007-09-10 Introduced in Senate 2007-11-16T20:31:09Z Protecting Access to Safe Mortgages Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase mortgage portfolio limitations placed upon: (1) the Federal National Mortgage Association (Fannie Mae); and (2) the Federal Home Loan Mortgage Corporation (Freddie Mac), respectively.

Instructs the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development (HUD) to lift: (1) the limitation on growth provision set forth in the Fannie Mae Consent Decree; and (2) the voluntary temporary growth limitation described in a certain Freddie Mac Letter.

Requires 50% of such portfolio increase to be used on loans which have had or will have interest rate resets between June 2005 and December 2009.

]]> Protecting Access to Safe Mortgages Act Official Title as Introduced A bill to temporarily raise conforming loan limits in high cost areas and portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, prime loans, to preserve liquidity in the mortgage lending markets, and for other purposes. Introduced in Senate IS Display Title Protecting Access to Safe Mortgages Act Short Titles as Introduced Protecting Access to Safe Mortgages Act Introduced in Senate 2007-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2036is/xml/BILLS-110s2036is.xml 2007-09-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.