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        <title>Rebuilding Equity Act of 2012</title>
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        <number>2909</number>
        <type>S</type>
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          <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <fullName>Sen. Merkley, Jeff [D-OR]</fullName>
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        <lastName>Merkley</lastName>
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        <state>HI</state>
        <middleName>KOHIKINA</middleName>
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        <fullName>Sen. Begich, Mark [D-AK]</fullName>
        <firstName>Mark</firstName>
        <lastName>Begich</lastName>
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        <state>AK</state>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
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        <fullName>Sen. Blumenthal, Richard [D-CT]</fullName>
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        <lastName>Blumenthal</lastName>
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        <state>CT</state>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <fullName>Sen. Franken, Al [D-MN]</fullName>
        <firstName>Al</firstName>
        <lastName>Franken</lastName>
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        <state>MN</state>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <fullName>Sen. Landrieu, Mary L. [D-LA]</fullName>
        <firstName>MARY</firstName>
        <lastName>LANDRIEU</lastName>
        <party>D</party>
        <state>LA</state>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <fullName>Sen. Lautenberg, Frank R. [D-NJ]</fullName>
        <firstName>FRANK</firstName>
        <lastName>LAUTENBERG</lastName>
        <party>D</party>
        <state>NJ</state>
        <middleName>R.</middleName>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>L000261</bioguideId>
        <fullName>Sen. Levin, Carl [D-MI]</fullName>
        <firstName>CARL</firstName>
        <lastName>LEVIN</lastName>
        <party>D</party>
        <state>MI</state>
        <middleName>MILTON</middleName>
        <sponsorshipDate>2012-08-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000802</bioguideId>
        <fullName>Sen. Whitehouse, Sheldon [D-RI]</fullName>
        <firstName>Sheldon</firstName>
        <lastName>Whitehouse</lastName>
        <party>D</party>
        <state>RI</state>
        <sponsorshipDate>2012-09-11</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>W000779</bioguideId>
        <fullName>Sen. Wyden, Ron [D-OR]</fullName>
        <firstName>Ron</firstName>
        <lastName>Wyden</lastName>
        <party>D</party>
        <state>OR</state>
        <sponsorshipDate>2012-09-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Housing and Community Development</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Consumer credit</name>
        </item>
        <item>
          <name>Government corporations and government-sponsored enterprises</name>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
        </item>
        <item>
          <name>Legal fees and court costs</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Housing and Community Development</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2012-08-02</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2012-09-20T19:09:45Z</updateDate>
        <text><![CDATA[ <p>Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan with a term of not longer than 20 years. Requires the subject property to have a loan-to-value ratio of not less than 105%.</p>]]></text>
      </summary>
    </summaries>
    <title>Rebuilding Equity Act of 2012</title>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Rebuilding Equity Act of 2012</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Rebuilding Equity Act of 2012</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to require a portion of closing costs to be paid by the enterprises with respect to certain refinanced mortgage loans, and for other purposes.</title>
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    </titles>
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        <type>Introduced in Senate</type>
        <date>2012-08-02T04:00:00Z</date>
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    <latestAction>
      <actionDate>2012-08-02</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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