3.0.0 3087 2022-02-03T05:09:22Z 2022-02-03T05:09:22Z Senate S S 2008-06-05 110 ssva00 Veterans' Affairs Committee Senate Standing Referred to 2008-06-05T20:08:56Z Helping Our Veterans to Keep Their Homes Act of 2008 110 4884 HR 2008-04-30 Ordered to be Reported (Amended) by Voice Vote. Related bill CRS 2008-06-05 ssva00 Veterans' Affairs Committee Senate Read twice and referred to the Committee on Veterans' Affairs. IntroReferral 2008-06-05 Sponsor introductory remarks on measure. (CR S5210-5211) IntroReferral B00100 9 Library of Congress 2008-06-05 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N Armed Forces and National Security Condominium (Housing) Economics and Public Finance Federally-guaranteed loans Fees Finance and Financial Sector Housing and Community Development Mortgage interest rates Mortgages Single family housing Veterans' loans Armed Forces and National Security 00 2008-06-05 Introduced in Senate 2008-08-12T14:58:58Z Helping Our Veterans to Keep Their Homes Act of 2008 - Increases from 90% to 100% of the reasonable value of a veteran's dwelling or farm residence the amount of the loan to be guaranteed or made in the case of a loan to refinance certain loans.

Prohibits collecting a fee from a veteran for a housing loan, unless the loan is used to refinance indebtedness. Changes the loan fee for such loans to 1% of the total amount of the loan guaranteed, insured, or made, or in the case of a loan assumption, the unpaid principal balance of the loan on the date of the transfer of the property.

Extends the demonstration projects involving: (1) adjustable rate mortgages through FY2018; and (2) hybrid adjustable rate through FY2012.

Increases the maximum loan guaranty amount of the Federal Home Loan Mortgage Corporation (Freddie Mac) conforming limit limitation determined for a single-family residence, as adjusted for the year involved.

Directs the Secretary of Veterans Affairs to review and streamline the process of guaranteeing home loans for the purchase of a condominium.

Increases the maximum guaranty amount for certain refinanced loans or other liens.

Sets, for a veteran whose income is below an amount set by the Secretary, the maximum amount of guaranty entitlement available for a home loan in any amount at the greater of: (1) the guaranty amount for veterans whose income is not below such amount set by the Secretary; or (2) 30% of the loan.

]]> Helping Our Veterans to Keep Their Homes Act of 2008 Short Titles as Introduced Helping Our Veterans to Keep Their Homes Act of 2008 Display Title Helping Our Veterans to Keep Their Homes Act of 2008 Official Title as Introduced A bill to amend title 38, United States Code, to make certain improvements in the home loan guaranty programs administered by the Secretary of Veterans Affairs, and for other purposes. Introduced in Senate 2008-06-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3087is/xml/BILLS-110s3087is.xml 2008-06-05 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.