3.0.0 3084 2023-01-11T13:22:12Z 2023-01-11T13:22:12Z House H HR 2011-10-03 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. QUIGLEY:H.R. 3084.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution____________________[Page H6505]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2011-10-21T21:31:24Z Referred to 2011-10-03T18:01:30Z 2011-10-21 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-10-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-10-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-10-03 Introduced in House IntroReferral 1000 9 Library of Congress Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 N D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-10-03 True Housing and Community Development Government corporations and government-sponsored enterprises Housing finance and home ownership Housing and Community Development 00 2011-10-03 Introduced in House 2011-10-31T17:11:39Z Mortgage Credit Availability Act of 2011 - Requires the Director of the Federal Housing Finance Agency, for 2012-2014, to determine for each county witha population exceeding one million individuals whether a significant share of the county population resides, as of the commencement of each such year, in sub-areas of the county for which the median price for a one-, two-, three-, or four-family residence is more than three times the national median price for such a residence.

Authorizes the Director, with respect to any such county, to increase the limitation on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) for any size or sizes of residences for a contiguous, reasonably compact set of sub-areas within the county for which the median price exceeds three times the national price. Applies to an entire Metropolitan Statistical Area (MSA) any such increase in limitation if the county for which the limitation is increased is located in that MSA.

]]> Mortgage Credit Availability Act of 2011 Display Title Mortgage Credit Availability Act of 2011 Official Title as Introduced To authorize the Director of the Federal Housing Finance Agency to temporarily increase the conforming loan limits for Fannie Mae and Freddie Mac that are applicable to high-cost sub-areas within counties. Introduced in House IH Short Titles as Introduced Mortgage Credit Availability Act of 2011 Introduced in House 2011-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3084ih/xml/BILLS-112hr3084ih.xml 2011-10-21 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. 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.