3.0.0 2992 2018-08-06T20:22:50Z 2018-08-06T20:22:50Z Senate S S 2008-05-07 110 ssva00 Veterans' Affairs Committee Senate Standing Referred to 2008-05-07T23:48:18Z 2008-05-07 ssva00 Veterans' Affairs Committee Senate Read twice and referred to the Committee on Veterans' Affairs. IntroReferral 2008-05-07 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2008-05-07 True Armed Forces and National Security Afghanistan Civil actions and liability Condominium (Housing) Counseling Crime and Law Enforcement Economics and Public Finance Families Federally-guaranteed loans Fees Finance and Financial Sector Fines (Penalties) Foreclosure Government Operations and Politics Government publicity Government trust funds Housing and Community Development Iraq Iraq compilation Jurisdiction Law Liability (Law) Loan defaults Middle East and North Africa Military dependents Military operations Mortgages Social Welfare South Asia Veterans' loans Armed Forces and National Security 00 2008-05-07 Introduced in Senate 2008-07-24T22:05:12Z Armed Forces Housing Security Act - Increases the maximum loan guaranty amount for certain veterans' housing loans guaranteed through the Department of Veterans Affairs (VA).

Directs the Secretary of Veterans Affairs to review and streamline the process for guaranteeing veterans' home loans for the purchase of condominiums.

Repeals the veterans' home loan fee.

Authorizes the Secretary to provide loans to veterans to refinance loans of up to 100% (currently 90%) of the value of the dwelling or farm residence securing the loan. Allows the VA to guarantee refinanced loans not previously guaranteed by the VA.

Amends the Servicemembers Civil Relief Act to extend from 90 days to one year after completion of military service the grace period against the sale, foreclosure, or seizure of a defaulted mortgage. Prohibits a member of the Armed Forces from waiving such protection. Specifically applies such protection to members (regular and reserve) serving on active duty as part of Operations Iraqi Freedom or Enduring Freedom (covered member), and their dependents.

Provides protections against loan owners or insurers for loan servicers who implement qualified loan modifications or workout plans for covered members and their dependents.

Directs the Secretary of Defense to provide financial services counseling relating to a mortgage and mortgage foreclosure to a veteran, covered member, and their dependents.

]]> Armed Forces Housing Security Act Short Titles as Introduced Armed Forces Housing Security Act Display Title Armed Forces Housing Security Act Official Title as Introduced A bill to amend title 38, United States Code, to enhance housing loan authorities for veterans and to otherwise assist veterans and members of the Armed Forces in avoiding the foreclosure of their homes, and for other purposes. Introduced in Senate 2008-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2992is/xml/BILLS-110s2992is.xml 2008-05-07 Read twice and referred to the Committee on Veterans' 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.