3.0.0 3047 2019-02-20T23:31:57Z 2019-02-22T21:51:04Z Senate S S 2012-05-09 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2012-05-09T19:12:23Z 2012-05-09 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2012-05-09 Sponsor introductory remarks on measure. (CR S3043-3044) IntroReferral B00100 9 Library of Congress 2012-05-09 Introduced in Senate IntroReferral 10000 9 Library of Congress F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA N Housing and Community Development Government corporations and government-sponsored enterprises Government lending and loan guarantees Housing finance and home ownership User charges and fees Housing and Community Development 00 2012-05-09 Introduced in Senate 2012-05-25T19:10:29Z Expanding Refinancing Opportunities Act of 2012 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (HUD) to insure or commit to insure any mortgage made to refinance an eligible mortgage.

Defines "eligible mortgage" as one that: (1) is not guaranteed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation) (Freddie Mac) (government sponsored enterprises or GSEs), (2) is collateralized by an owner-occupied residence, (3) involves a principal obligation that does not exceed 140% of the value of the property collateralizing the mortgage or the HUD-insured loan limits in effect, and (4) was executed by a mortgagor meeting certain criteria.

Establishes in the Federal Housing Administration (FHA) the Expanded Refinancing Fund, which shall be available to carry out streamlined refinancing of non-enterprise mortgages. Prohibits the use of any amounts in the Mutual Mortgage Fund to carry out this Act.

Amends the Housing and Community Development Act of 1992 and the Temporary Payroll Tax Cut Continuation Act of 2011 to extend through FY2022 the mandates for GSE and FHA guarantee fees.

]]> Expanding Refinancing Opportunities Act of 2012 Short Titles as Introduced Expanding Refinancing Opportunities Act of 2012 Display Title Expanding Refinancing Opportunities Act of 2012 Official Title as Introduced A bill to encourage responsible homeowners to refinance mortgages, and for other purposes. Introduced in Senate 2012-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3047is/xml/BILLS-112s3047is.xml 2012-05-09 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.