3.0.0 5884 2019-11-15T21:01:01Z 2019-11-15T21:01:01Z House H HR 2012-06-01 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BASS of California:H.R. 5884.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article 1, Section 1.Article I.Section 8.All legislative Powers herein granted shall be vested in aCongress of the United States, which shall consist of aSenate and House of Representatives.[Page H3404]]]> hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Referred to 2012-07-11T15:14:29Z Referred to 2012-06-01T13:01:46Z 2012-07-11 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2012-06-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-06-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-06-01 Introduced in House IntroReferral 1000 9 Library of Congress B001270 Rep. Bass, Karen [D-CA-33] Karen Bass D CA 33 N D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2012-06-01 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2012-06-01 True Housing and Community Development Government lending and loan guarantees Housing finance and home ownership Housing and Community Development 00 2012-06-01 Introduced in House 2012-06-29T20:27:51Z Homeownership Preservation Education Act of 2012 - Directs the Secretary of Housing and Urban Development (HUD) to carry out a pilot program to evaluate the effectiveness, in reducing defaults on residential mortgages, of reducing up-front premiums for mortgage insurance made available by the Secretary pursuant to the National Housing Act for first-time homebuyers who complete a homeownership counseling program providing for one-on-one prepurchase counseling.

Requires reduced premiums for mortgages secured by a 1- to 4-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund for a first-time homebuyer who completes a HUD-approved program of counseling on the responsibilities and financial management involved in homeownership that provides for one-on-one prepurchase counseling of the homebuyer by a HUD-approved nonprofit housing counseling agency.

]]> Homeownership Preservation Education Act of 2012 Short Titles as Introduced Homeownership Preservation Education Act of 2012 Display Title Homeownership Preservation Education Act of 2012 Official Title as Introduced To establish a 1-year pilot program to reduce up-front premiums on FHA mortgage insurance for first-time homebuyers who complete a homeownership counseling program and thereby help to reduce default rates on residential mortgages. Introduced in House 2012-06-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5884ih/xml/BILLS-112hr5884ih.xml 2012-07-11 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. 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.