3.0.0 1116 2023-01-11T13:15:55Z 2023-01-11T13:15:55Z House H HR 2009-02-23 111 hsba00 Financial Services Committee House Standing Referred to 2009-02-23T19:56:55Z 2009-02-23 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-02-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-23 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 N S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2009-02-23 True D000609 Rep. Driehaus, Steve [D-OH-1] Steve Driehaus D OH 1 2009-02-23 True Housing and Community Development Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Department of Housing and Urban Development Government information and archives Government lending and loan guarantees Housing finance and home ownership Housing and Community Development 00 2009-02-23 Introduced in House 2009-04-16T20:50:41Z Honest FHA Originator Act of 2009 - Amends the National Housing Act to remove the Director of the Enforcement Center from the Mortgagee Review Board of the Federal Housing Administration (FHA) of the Department of Housing and Urban Development (HUD).

Declares that any person or entity that is not approved by the HUD Secretary is prohibited from serving as a mortgagee and from participating in the origination of an FHA-insured loan.

Sets forth mortgagee eligibility criteria.

Directs the Secretary to require each mortgagee approved for participation in the FHA mortgage insurance programs to: (1) use the business name of the mortgagee that is registered with the Secretary in all advertisements and promotional materials relating to the business of such mortgagee in the mortgage insurance programs; and (2) maintain copies of such advertisements and promotional materials.

Requires an approved mortgagee to submit immediate written notification of the following actions: (1) the debarment, suspension of a Limited Denial of Participation (LDP), or application of other sanctions, fines, or penalties applied to the mortgagee or to any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the mortgagee pursuant to applicable state or federal law; or (2) the revocation of a state-issued mortgage loan originator license or any other similar declaration of ineligibility pursuant to state law.

Instructs the Secretary to expand the review of FHA mortgagee applicants and newly approved mortgagees.

]]> Honest FHA Originator Act of 2009 Display Title Honest FHA Originator Act of 2009 Official Title as Introduced To improve the process through which loan originators participate in FHA mortgage programs,and for other purposes. Introduced in House IH Short Titles as Introduced Honest FHA Originator Act of 2009 Introduced in House 2009-02-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1116ih/xml/BILLS-111hr1116ih.xml 2009-02-23 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.