3.0.0 3522 2019-02-20T23:43:06Z 2022-02-08T17:27:15Z Senate S S 2012-09-10 112 Responsible Homeowners Refinancing Act of 2012 112 3085 S 2012-05-24 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-709. Related bill CRS Responsible Homeowner Refinancing Act of 2012 112 6428 HR 2012-10-01 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Identical bill CRS 2012-09-11 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 503. Calendars 2012-09-10 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2012-09-10 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2012-09-10 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2012-09-10 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2012-09-10 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2012-09-10 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2012-09-10 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2012-09-10 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2012-09-10 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2012-09-10 True L000123 Sen. Lautenberg, Frank R. [D-NJ] FRANK LAUTENBERG D NJ R. 2012-09-10 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2012-09-10 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2012-09-10 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2012-09-10 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2012-09-12 False B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2012-09-12 False H001049 Sen. Hagan, Kay R. [D-NC] Kay Hagan D NC R. 2012-09-12 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2012-09-12 False L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2012-09-13 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2012-09-19 False A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA 2012-09-19 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2012-09-20 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2012-09-21 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2012-11-26 False Housing and Community Development Government corporations and government-sponsored enterprises Government lending and loan guarantees Housing finance and home ownership Housing supply and affordability User charges and fees Housing and Community Development 00 2012-09-10 Introduced in Senate 2012-09-24T15:37:30Z Responsible Homeowner Refinancing Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), in carrying out the Home Affordable Refinance Program, to adopt specified criteria pertaining to: (1) borrower eligibility, (2) representations and warranties, (3) prohibition on up-front fees, (4) alternative streamlined methods to determine the value of a property, (5) the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, and (6) guarantee fees.

Requires the GSEs to notify all borrowers with a mortgage owned or guaranteed by a GSE about the Program and its eligibility criteria, and inform borrowers of the website required below.

Directs the Director of the Federal Housing Finance Agency (FHFA) to establish a single website where borrowers may: (1) determine their potential eligibility for participation in the Program, (2) see a complete list of and links to qualified lenders, (3) use a mortgage refinance calculator to calculate potential payment savings based on different interest rates, and (4) obtain tips on refinancing their loan.

Directs the Director of FHFA to issue guidance to require the GSEs to make their refinancing guidelines consistent to ease the compliance requirements of qualified lenders, and in particular with respect to loans with less than 80% loan-to-value ratio and closing cost policies of the GSEs, which regulations or guidance shall be put into effect not later than 90 days after the enactment of this Acts.

]]> Responsible Homeowner Refinancing Act of 2012 Short Titles as Introduced Responsible Homeowner Refinancing Act of 2012 Display Title Responsible Homeowner Refinancing Act of 2012 Official Title as Introduced A bill to provide for the expansion of affordable refinancing of mortgages held by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Placed on Calendar Senate 2012-09-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3522pcs/xml/BILLS-112s3522pcs.xml 2012-09-11 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 503. 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.