II 110th CONGRESS 2d Session S. 2961 IN THE SENATE OF THE UNITED STATES May 1, 2008 Mr. Akaka introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs A BILL To amend title 38, United States Code, to enhance the refinancing of home loans by veterans.

1.

Enhancement of refinancing of home loans by veterans

(a)

Inclusion of refinancing loans among loans subject to guaranty maximum

Section 3703(a)(1)(A)(i)(IV) of title 38, United States Code, is amended by inserting (5), after (3),. (b)

Increase in maximum percentage of loan-to-value of refinancing loans subject to guaranty

Section 3710(b)(8) of such title is amended by striking 90 percent and inserting 95 percent.