3.0.0 3146 2023-01-11T13:18:06Z 2023-01-11T13:18:06Z House H HR 2009-07-09 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-09-16T14:58:47Z hsba00 Financial Services Committee House Standing Referred to 2009-07-09T14:02:43Z 2009-09-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-09-15 15:00:24 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2009-09-15 15:00:23 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9520-9521) Floor H37300 2 House floor actions 2009-09-15 15:00:23 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9520-9521) Floor 8000 9 Library of Congress 2009-09-15 14:50:43 DEBATE - The House proceeded with forty minutes of debate on H.R. 3146. Floor H8D000 2 House floor actions 2009-09-15 14:50:42 Considered under suspension of the rules. (consideration: CR H9520-9522) Floor H30000 2 House floor actions 2009-09-15 14:49:29 Mr. Adler (NJ) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2009-07-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-09 Introduced in House IntroReferral 1000 9 Library of Congress A000364 Rep. Adler, John H. [D-NJ-3] John Adler D NJ H. 3 N L000568 Rep. Lee, Christopher J. [R-NY-26] Christopher Lee R NY J. 26 2009-07-09 True H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2009-07-09 True L000567 Rep. Lance, Leonard [R-NJ-7] Leonard Lance R NJ 7 2009-07-09 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2009-07-31 False Housing and Community Development Computers and information technology Cooperative and condominium housing Credit and credit markets Department of Housing and Urban Development Environmental assessment, monitoring, research Financial crises and stabilization Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Government trust funds Housing and community development funding Housing finance and home ownership Housing and Community Development 00 2009-07-09 Introduced in House 2009-09-14T20:18:37Z 21 Century FHA Housing Act of 2009 - Amends the National Housing Act to declare that the Secretary of Housing and Urban Affairs (HUD) is not subject to the National Environmental Policy Act of 1969 when insuring any mortgage for a one-family unit in a multifamily project that holds an undivided interest in the common areas and facilities which serve the project (condominium).

Authorizes the Secretary to: (1) appoint and fix the compensation of HUD personnel; and (2) use certain funds to maintain an appropriate level of investment in information technology in order to upgrade HUD technology systems used in carrying out personnel-related functions.

Requires the Secretary to: (1) establish a comprehensive training and education program to improve certain HUD services to users of Federal Housing Administration (FHA) mortgage insurance programs; and (2) conduct an ongoing review of delinquencies among recent single family housing mortgage originations.

Amends the Helping Families Save Their Homes Act of 2009 to direct the Secretary to implement procedures that analyze mortgage performance during the mandatory random review of mortgagees of mortgages on one- to four-family residences who potentially present a high risk to the Mutual Mortgage Insurance Fund.

Expresses the sense of the Congress that the Secretary of the Treasury, the Secretary of HUD, and the Director of the Federal Housing Finance Agency should use their authorities under the Emergency Economic Stabilization Act of 2008 (EESA), the Housing and Economic Recovery Act of 2008, and other statutory and regulatory authorities to provide financial support and assistance to facilitate increased warehouse credit capacity by qualified warehouse lenders.

Urges that such financial support and assistance: (1) be used only to expand the amount of credit or lending capacity made available to qualified mortgage lenders by qualified warehouse lenders in order to fund residential mortgage loans; and (2) be provided in a form and manner which might include direct loans, guarantees, credit enhancement, and other incentives.

Amends the National Housing Act to authorize the Secretary to implement alternative insured mortgage foreclosure avoidance demonstration programs, including methods involving short sales and deeds in lieu of foreclosure, and even partial or full payment of insurance benefits to the mortgagee.

]]> 36 2009-09-15 Passed House amended 2009-09-17T15:53:49Z 21st Century FHA Housing Act of 2009 - (Sec. 2) Amends the National Housing Act to declare that the Secretary of Housing and Urban Affairs (HUD) is not subject to the National Environmental Policy Act of 1969 when insuring any mortgage for a one-family unit in a multifamily project that holds an undivided interest in the common areas and facilities which serve the project (condominium).

(Sec. 4) Authorizes the Secretary to: (1) appoint and fix the compensation of HUD personnel; and (2) use certain funds to maintain an appropriate level of investment in information technology in order to upgrade HUD technology systems used in carrying out personnel-related functions.

Sets a cap upon the use of premium-generated income for such upgrades, subject to approval in advance in an appropriation Act.

(Sec. 5) Requires the Secretary to: (1) establish a comprehensive training and education program to improve certain HUD services to users of Federal Housing Administration (FHA) mortgage insurance programs; and (2) conduct an ongoing review of delinquencies among recent single family housing mortgage originations; and (3) make available to certain congressional committees any information and conclusions pursuant to such review of delinquencies.

Amends the Helping Families Save Their Homes Act of 2009 to direct the Secretary to implement procedures that analyze mortgage performance during the mandatory random review of mortgagees on one- to four-family residences who potentially present a high risk to the Mutual Mortgage Insurance Fund.

(Sec. 6) Expresses the sense of Congress that the Secretary of the Treasury, the Secretary of HUD, and the Director of the Federal Housing Finance Agency (FHFA) should use their statutory and regulatory authorities to provide financial assistance to facilitate increased warehouse credit capacity by qualified warehouse lenders.

Urges that such assistance: (1) be used only to expand the amount of credit or lending capacity made available to qualified mortgage lenders by qualified warehouse lenders in order to fund residential mortgage loans; and (2) be provided in a manner which might include direct loans, guarantees, credit enhancement, and other incentives.

(Sec. 7) Amends the National Housing Act to authorize the Secretary to implement alternative insured mortgage foreclosure avoidance demonstration programs, including methods involving short sales and deeds in lieu of foreclosure, and partial or full payment of insurance benefits to the mortgagee.

]]> 21st Century FHA Housing Act of 2009 Display Title 21st Century FHA Housing Act of 2009 Official Title as Introduced To make improvements to the FHA mortgage insurance programs of the Department of Housing and Urban Development, and for other purposes. Introduced in House IH Short Titles as Introduced 21 Century FHA Housing Act of 2009 Short Titles as Passed House 21st Century FHA Housing Act of 2009 H House Referred in Senate 2009-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3146rfs/xml/BILLS-111hr3146rfs.xml Engrossed in House 2009-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3146eh/xml/BILLS-111hr3146eh.xml Introduced in House 2009-07-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3146ih/xml/BILLS-111hr3146ih.xml 2009-09-16 Received in the Senate and 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.