MORTGAGE REFORM AND ANTI-PREDATORY LENDING ACT

Amendments

Enact (H.R. 1728), H5325, H5344, H5350, H5352, H5353, H5354, H5356, H5357, H5358, H5359, H5360, H5361, H5362, H5364, H5369 [7MY]

———consideration (H. Res. 406), H5315 [7MY]

Bills and resolutions

Enact (see H.R. 1728), H4061 [26MR]

Enact (H.R. 1728): consideration (see H. Res. 400), H5167 [5MY] (see H. Res. 406), H5305 [6MY]

Letters

Encourage Fannie Mae and Freddie Mac to take into account the health of the local housing market relative to condominium and cooperative housing mortgages: Gregory J. Gagnon and Russell Clay, Central Bank of Lake of the Ozarks, H5365 [7MY]

———Vicki Brown, Lake Ozark Property Inc., H5365 [7MY]

Provisions: Charles McMillan, National Association of REALTORS, H5186 [6MY]

———Floyd E. Stoner, American Bankers Association, H5318 [7MY]

———John A. Courson and David G. Kittle, Mortgage Bankers Association, H5179 [6MY], H5317 [7MY]

———Representative Conyers, Committee on the Judiciary (House), H5348 [7MY]

———Representative Frank, Committee on Financial Services (House), H5348 [7MY]

Motions

Enact (H.R. 1728), H5369 [7MY]

Remarks in House

Association of Community Organizations for Reform Now, Inc. (ACORN): provide transparency with Federal funds received through housing and urban development grants, H5316 [7MY]

China: investigate effects of drywall imports on foreclosures and availability of property insurance for homes where defective drywall imports are present, H5363, H5364 [7MY]

Credit: effect of mortgage lenders risk-retention on liquidity of the market, H5349 [7MY]

———encourage Fannie Mae and Freddie Mac to take into account the health of the local housing market relative to condominium and cooperative housing mortgages, H5364, H5365 [7MY]

———prohibit steering of mortgage loans, H5349 [7MY]

———require mortgage originators to present the costs and benefits of each mortgage option in a simple chart and the disclosure be made in writing and signed by the mortgage originator and consumer, H5361, H5362 [7MY]

Dept. of HUD: give priority consideration in grant funding to mortgage counseling agencies serving areas with high foreclosure rates, H5358, H5359 [7MY]

———include explanation of benefits of mortgage balance pre-payment in consumer education guides, H5360 [7MY]

———prohibit legal assistance or housing counseling grant funding to an organization that has been or employs individuals convicted of Federal election law violations, H5351, H5352 [7MY]

———require transparency and accountability for organizations receiving Federal funds to provide foreclosure legal assistance or housing counseling, H5369 [7MY]

Enact (H.R. 1728), H5069 [4MY], H5101, H5103, H5104, H5105, H5106, H5138-H5145 [5MY], H5171, H5173, H5179-H5188, H5266 [6MY], H5312, H5325-H5371 [7MY], H5562-H5568 [13MY], E1083, E1085, E1086, E1087, E1106 [7MY], E1129 [12MY], E1131 [13MY]

———consideration (H. Res. 400), H5174-H5179 [6MY]

———consideration (H. Res. 406), H5313-H5324 [7MY]

———corrections in engrossment, H5371 [7MY]

———motion to recommit, H5369 [7MY]

FRS: certify provisions of such Act would not reduce availability or increase the price of credit for qualified mortgages, H5357, H5358 [7MY]

GAO: expand study of certain mortgage regulations to include effect on consumer and small business credit availability and affordability, H5360, H5361 [7MY]

Housing: protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, H5184 [6MY], H5350 [7MY]

———reduce eviction grace period for renters of certain properties in foreclosure and clarify circumstances of acceleration of debt repayment, H5353, H5354 [7MY]

———reform the regulation of the housing-related Government-sponsored enterprises, H5181, H5187 [6MY], H5354, H5355 [7MY]

———require notice to consumers when a mortgage loan has been sold, transferred, or assigned to a third party, H5347, H5349 [7MY]

Lawyers and attorneys: limit attorney fees for filing predatory lending rights of action, H5315 [7MY]

Mortgages: strike certain provisions relating to high-cost mortgages, H5359 [7MY]

NeighborWorks America (organization): foreclosure rescue scam awareness funding, H5352, H5353 [7MY]

———provide funding for mortgage foreclosure mitigation activities, E1086 [7MY]

Truth in Lending Act: establish requirements for providing negatively amortizing mortgage loans to first-time borrowers, H5184 [6MY]

———require income verification by lenders utilizing IRS tax transcripts, H5356 [7MY]

———strike assignee and securitizer liability provisions, H5354-H5356 [7MY]

Reports filed

Consideration of H.R. 1728, Provisions: Committee on Rules (House) (H. Res. 400) (H. Rept. 111-96), H5167 [5MY]

———Committee on Rules (House) (H. Res. 406) (H. Rept. 111-98), H5305 [6MY]

Provisions: Committee on Financial Services (House) (H.R. 1728) (H. Rept. 111-94), H5095 [4MY]

Tables

Comparison of sample mortgage features, H5361 [7MY]

Texts of

H. Res. 400, consideration of H.R. 1728, provisions, H5174 [6MY]

H. Res. 406, consideration of H.R. 1728, provisions, H5313 [7MY]

H.R. 1728, provisions, H5325-H5343 [7MY]