MORTGAGE REFORM AND ANTI-PREDATORY LENDING ACT
Amendments
Enact (H.R. 3915), H13989, H14003, H14006, H14011, H14013, H14014, H14019, H14020, H14021, H14022, H14023, H14024, H14025, H14026, H14027, H14029, H14031 [15NO]
———consideration (H. Res. 825), H13968 [15NO]
Articles and editorials
Area No. 3 in Nation in Foreclosures, H14024 [15NO]
How To Limit Home Ownership for the Poor, H14005 [15NO]
Bills and resolutions
Enact (H.R. 3915): consideration (see H. Res. 825), H13958 [14NO]
Letters
Provisions: several organizations, H14020 [15NO]
Motions
Enact (H.R. 3915), H14035 [15NO]
Press releases
Stockton, Detroit, Riverside-San Bernardino Post Top Metro Foreclosure Rates in Q3: RealtyTrac, Inc., H14028 [15NO]
Remarks in House
Courts: increase cap on amount of damages sought from unfair mortgage lenders, H14013 [15NO]
Credit: allow regulators to fine mortgage originators, assignees, and securitizers who engage in a patterm of violating minimum standards for mortgage loans, H14027 [15NO]
———impose liability on lenders that purchase, repackage and sell mortgages, H13979-H13981, H13983 [15NO]
———limit increase in types of loans that qualify as high-cost loans, H13983, H13984 [15NO]
———prohibit mortgage originators from receiving incentive compensation that varies with the terms of the loan and from steering consumers to mortgage loans not in their best interest, H13984 [15NO]
———prohibit Nationwide Mortgage Licensing System and Registry from offering educational courses for pre-licensure or continuing education for mortgage originators, H14023, H14024 [15NO]
———regulation of high-cost mortgages, H14029, H14030 [15NO]
———remove civil liability of a lender and cancel the right of rescission for a borrower in instances where the borrower knowingly lied on their mortgage loan application, H14022 [15NO]
———require creditors verify identity of persons obtaining mortgage loans and ensure only certain forms of identification are acceptable for such loans, H13988, H14035, H14036 [15NO]
———require escrows for certain mortgage loans, improve mortgage servicing, promote sustainable homeownership opportunities, and improve appraisal process, H13985, H14010, H14011 [15NO]
———require lenders notify homeowners with hybrid adjustable rate mortgages before interest rates are due to reset, H14031, H14033 [15NO]
———require lenders offer borrowers the option of a mortgage without a pre-payment penalty, H14012 [15NO]
———require lenders to verify eligibility of borrowers to qualify for mortgages that allow the borrower to defer payment of principal or interest, H14021, H14022 [15NO]
———require mortgage assignee to have policies and procedures against buying certain subprime loans and to cure the loan to avoid being liable for rescission, H14019 [15NO]
———require mortgage closing costs to not exceed ten percent of any estimate disclosed to the consumer in advance of closing, H14031 [15NO]
———require mortgage originators to receive training on fraud, consumer protection, and fair lending issues, H14028 [15NO]
———treatment of prime loans under proposed regulations, H14014 [15NO]
Dept. of HUD: establish Office of Housing Counseling, H13981 [15NO]
Enact (H.R. 3915), H13978-H14016, H14018-H14037 [15NO], E2488 [4DE], E2522 [6DE], E2537 [11DE]
———consideration (H. Res. 825), H13964 [15NO]
———motion to recommit, H13988, H14035, H14036 [15NO]
FBI: authorize additional appropriations to enhance ability to stop mortgage fraud, H13981 [15NO]
FHA: exempt loans from requirements, H14024, H14025 [15NO]
GAO: determine impact of proposed mortgage reform legislation on availability and affordability of credit for homebuyers and mortgage lending, H14020 [15NO]
Truth in Lending Act: establish requirements for providing negatively amortizing mortgage loans to first-time borrowers, H13982 [15NO]
———remove inclusion of rebuttable presumption relative to definition of qualified safe harbor mortgages, H14025, H14026 [15NO]
Reports filed
Consideration of H.R. 3773, Provisions: Committee on Rules (House) (H. Res. 825) (H. Rept. 110-450), H13958 [14NO]
Provisions: Committee on Financial Services (House) (H.R. 3915) (H. Rept. 110-441), H13521 [9NO]
Statements
Democrats in Congress Are Working To Help Families Stay in Their Homes: Representative Maloney, H13982 [15NO]
Texts of
H. Res. 825, consideration of H.R. 3915, provisions, H13964 [15NO]