3.0.0 6218 2023-01-11T13:21:33Z 2023-01-11T13:21:33Z House H HR 2010-09-28 111 hsba00 Financial Services Committee House Standing Referred to 2010-09-28T14:30:29Z 2010-09-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-09-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-09-28 Introduced in House IntroReferral 1000 9 Library of Congress C001050 Rep. Cardoza, Dennis A. [D-CA-18] Dennis Cardoza D CA A. 18 N L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2010-09-28 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2010-09-28 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2010-09-28 True E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2010-09-28 True K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2010-09-28 True G000559 Rep. Garamendi, John [D-CA-10] John Garamendi D CA 10 2010-09-28 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2010-09-28 True C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2010-09-28 True B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2010-09-28 True B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2010-09-28 True H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2010-09-28 True C001059 Rep. Costa, Jim [D-CA-20] Jim Costa D CA 20 2010-09-28 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2010-09-28 True M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2010-09-28 True G000554 Rep. Giffords, Gabrielle [D-AZ-8] Gabrielle Giffords D AZ 8 2010-09-28 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2010-09-28 True T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2010-09-29 False F000030 Rep. Farr, Sam [D-CA-17] SAM FARR D CA 17 2010-09-29 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2010-09-29 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2010-09-29 False R000486 Rep. Roybal-Allard, Lucille [D-CA-34] LUCILLE ROYBAL-ALLARD D CA 34 2010-09-29 False B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2010-09-29 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2010-09-29 False R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 2010-09-29 False S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2010-09-29 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2010-09-29 False T000468 Rep. Titus, Dina [D-NV-3] Dina Titus D NV 3 2010-09-29 False P000099 Rep. Pastor, Ed [D-AZ-4] ED PASTOR D AZ 4 2010-09-29 False K000372 Rep. Kilroy, Mary Jo [D-OH-15] Mary Jo Kilroy D OH 15 2010-09-29 False S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2010-09-29 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2010-09-29 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2010-09-29 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2010-11-16 False Housing and Community Development Government corporations and government-sponsored enterprises Housing finance and home ownership Interest, dividends, interest rates User charges and fees Housing and Community Development 00 2010-09-28 Introduced in House 2011-01-24T21:34:48Z Housing Opportunity and Mortgage Equity Act of 2010 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a refinancing mortgage (and for the purchase of and securitization of such refinancing mortgages) in accordance with this Act and the policies and procedures of the Federal Housing Finance Agency.

Defines a qualified mortgage as one, regardless of whether the mortgagor is current on payments due or in default, that: (1) is an existing first mortgage for purchase of, or refinancing another first mortgage on, a one- to four-family dwelling, including a condominium or a share in a cooperative ownership housing association, that is occupied by the mortgagor as principal residence; (2) is owned or guaranteed by the particular GSE; and (3) was originated on or before enactment of this Act.

Specifies the terms and conditions of a refinancing mortgage, including a 40-year term to maturity and a prohibition on borrower fees. Requires waiver or forgiveness of all fees and penalties related to any default or delinquency on the original mortgage.

Requires a GSE to pay a fee of up to $1,000 to the servicer of a qualified mortgage refinance.

Prohibits any requirement of a property appraisal.

]]> Housing Opportunity and Mortgage Equity Act of 2010 Display Title Housing Opportunity and Mortgage Equity Act of 2010 Official Title as Introduced To prevent foreclosure of home mortgages and provide for the affordable refinancing of mortgages held by Fannie Mae and Freddie Mac. Introduced in House IH Short Titles as Introduced Housing Opportunity and Mortgage Equity Act of 2010 Introduced in House 2010-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6218ih/xml/BILLS-111hr6218ih.xml 2010-09-28 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.