HELPING FAMILIES SAVE THEIR HOMES ACT

Amendments

Enact (H.R. 1106), H2836 [25FE], H2990, H3001, H3007, H3014, H3016, H3017 [5MR], H3424 [16MR]

Enact (S. 896), S4944, S4946, S4947, S4980, S4984, S4991, S4992, S4993 [30AP], S5027, S5028, S5029, S5030, S5041 [1MY], S5056 [4MY], S5092, S5094, S5100, S5101, S5109, S5111, S5116, S5117, S5118, S5164, S5166 [5MY], S5175 [6MY], H5763, H5764 [19MY]

Analyses

Provisions (H.R. 1106), H3011-H3013 [5MR]

Articles and editorials

Fannie, Freddie To Suffer Under New Rule, H2857 [26FE]

Fannie Mae Eases Credit To Aid Mortgage Lending, H2860 [26FE]

Next Housing Bust, S5055 [4MY]

Sarbox for Housing—How To Restrict Lending to the Poor for Years To Come, H2857 [26FE]

Bills and resolutions

Enact (see H.R. 1106), H2601 [23FE]

Enact (H.R. 1106): consideration (see H. Res. 190), H2833 [25FE] (see H. Res. 205), H2978 [4MR]

Enact (S. 896): consideration, same-day consideration (see H. Res. 450), H5711 [18MY]

Interviews

Amend bankruptcy laws relative to modification of certain mortgages on principal residences: Senator Durbin with American Banker (publication), H2992, H3005 [5MR]

Letters

Amend bankruptcy laws relative to modification of certain mortgages on principal residences: several organizations, S4936 [30AP]

Authorize and remove impediments to the repayment of funds received under the Troubled Asset Relief Program: R. Bruce Josten, U.S. Chamber of Commerce, S5058 [4MY]

FDIC borrowing authority: Sheila C. Bair, FDIC, H3022 [5MR]

Provisions: B. Dan Berger, National Association of Federal Credit Unions, H5761 [19MY]

———Camden R. Fine, Independent Community Bankers of America (organization), H5761 [19MY]

———Charles McMillan, National Association of REALTORS, H2854 [26FE], H5762 [19MY]

———Dan Mica, Credit Union National Association, S5005 [1MY], H5761 [19MY]

———David P. Sloan, AARP, H2855 [26FE]

———Floyd E. Stoner, American Bankers Association, S5007 [1MY], H5761 [19MY]

———Frank Keating, American Council of Life Insurers, H2854 [26FE]

———Fred R. Becker, Jr., National Association of Federal Credit Unions, S5006 [1MY]

———John H. Dalton and Steve Bartlett, Financial Services Roundtable (organization), S5006 [1MY]

———several consumer organizations, S5006 [1MY]

———Susan Eckerly, National Federation of Independent Business, H2855 [26FE]

Require notice to consumers when a mortgage loan has been sold, transferred, or assigned to a third party: several consumer organizations, S5174 [6MY]

Lists

GAO audit authority covering FRS Board of Governors emergency actions involving Troubled Asset Relief Program, S5181 [6MY]

State-by-State impact of Durbin amendment to S. 896, provisions, on bankruptcy law modification for certain mortgages, S4923 [30AP]

Motions

Enact (H.R. 1106), H3021 [5MR]

Enact (S. 896), S5179, S5182 [6MY]

Remarks in House

Budget: comply with pay-as-you-go requirement, H2843 [26FE]

Credit: allow debtor receiving mortgage foreclosure notice to meet pre-filing credit counseling requirement within 30 days after bankruptcy filing, H3016, H3017 [5MR]

———allow lenders to recapture the principal lost in mortgage modification in a bankruptcy proceeding if the homeowner sells the property for a profit, H2990, H3014, H3015 [5MR]

———increase borrowing authority of the FDIC and the National Credit Union Administration, H5763 [19MY]

———prevent provision of mortgage foreclosure assistance if borrowers misrepresented or lied about their income when applying for the mortgage or lenders failed to follow proper underwriting standards, H3021-H3023 [5MR], H3058 [6MR]

———prohibit the provision of mortgage relief to those who fraudulently extended their mortgage and then filed for bankruptcy, H2989 [5MR]

———provide forbearance from foreclosures of subprime mortgages in the determination of a consumer credit score, H2990 [5MR]

———require bankruptcy courts to use FHA appraisal guidelines, deny relief to individuals who can afford to repay mortgages without judicial mortgage modification, and extend negotiation period, H3004-H3011 [5MR]

Dept. of HUD: coordinate efforts to produce compatible and improved residential mortgage disclosures, H5763 [19MY]

———eliminate certain borrowers from participating in the Hope for Homeowners Program, H2840 [26FE]

———give priority consideration in grant funding to mortgage counseling agencies serving areas with high foreclosure rates, H5763 [19MY]

———Hope for Homeowners Program participation levels and impediments, H2842 [26FE]

———improve the Hope for Homeowners Program, H5762 [19MY]

———require lenders to notify all mortgagors who qualify for the Hope for Homeowners Program, H2991, H3017, H3018 [5MR]

Enact (H.R. 1106), H2809 [25FE], H2839, H2848-H2863 [26FE], H2889, H2912 [3MR], H2932, H2933, H2951-H2953, H2970 [4MR], H2997-H3024, H3041, H3044-H3047, H3051 [5MR], H3058, H3075, H3076 [6MR], H3340 [12MR], H3419-H3426 [16MR], H3442 [17MR], H5085 [4MY], H5105, H5142 [5MY], E559, E562, E569, E576, E577, E578, E579, E580 [5MR], E582, E584 [6MR], E610, E623-E625 [10MR], E673 [16MR], E692 [17MR], E734 [23MR]

———consideration (H. Res. 190), H2839-H2848 [26FE]

———consideration (H. Res. 205), H2986-H2995 [5MR]

———motion to recommit, H3021-H3023 [5MR]

Enact (S. 896), H5740-H5765, H5768 [19MY], E1210 [20MY], E1257 [21MY], E1307 [4JN]

FDIC: increase borrowing authority, H3022 [5MR]

Financial institutions: make permanent the temporary increase in deposit insurance coverage, H2970 [4MR], H3018 [5MR]

Homeless Assistance Act: amend definition of ``homeless person'' to include certain homeless children and youth, H5763 [19MY]

———reauthorize, H5768 [19MY]

Remarks in Senate

Bankruptcy: amend laws relative to modification of certain mortgages on principal residences, S4881-S4883 [29AP], S4915-S4927, S4931-S4938 [30AP], S5176 [6MY]

Congressional Oversight Panel: submit report on farm loan restructuring, S5108 [5MY]

Credit: increase borrowing authority of the FDIC and the National Credit Union Administration, S5093, S5094 [5MY]

———prohibit prepayment penalties in mortgage contracts, S4950, S4951 [30AP]

———require mortgage service companies to issue warnings to homeowners about mortgage foreclosure scams, S5182 [6MY]

———require mortgage servicers to consider options that better serve the interest of homeowners and investors prior to modifying certain mortgage loans, S5088-S5092 [5MY]

Dept. of HUD: HOPE for Homeowners loan program eligibility requirements, S5180 [6MY]

———permit use of Neighborhood Stabilization Program funds for foreclosure prevention, S5008 [1MY]

Dept. of the Treasury: authorize and remove impediments to the repayment of funds received under the Troubled Asset Relief Program, S4946 [30AP], S5053, S5057, S5059 [4MY]

———collaborate with Dept. of HUD to develop program to address rising defaults and foreclosures in multifamily properties, S5060 [4MY], S5179 [6MY]

———prohibit use of Troubled Asset Relief Program funds for purchase of common stock, S4949 [30AP], S5101-S5103, S5105, S5110 [5MY]

———provide oversight for Public-Private Investment Program, S5115 [5MY]

———remove requirement to liquidate warrants if Troubled Asset Relief Program funds are returned by financial institutions, S5114, S5115 [5MY], S5173 [6MY]

———require any amounts repaid by financial institutions receiving Troubled Asset Relief Program assistance be used for debt reduction, S4951-S4953 [30AP]

———require any amounts repaid by financial institutions receiving Troubled Asset Relief Program assistance be used to reduce the reauthorization level of the program, S5094-S5097 [5MY]

Enact (H.R. 1106), S2859 [6MR], S3522-S3524 [19MR]

Enact (S. 896), S4741-S4743 [27AP], S4881-S4883 [29AP], S4915-S4927, S4931-S4938, S4943-S4953 [30AP], S4999, S5002-S5008, S5011 [1MY], S5051-S5061 [4MY], S5088-S5120 [5MY], S5173-S5205 [6MY], S5266 [7MY]

———unanimous-consent agreement, S5581 [19MY]

———unanimous-consent request, S4902 [29AP]

FDIC: increase borrowing authority, S5266 [7MY]

FHA: provide that the primary and foundational responsibility is to safeguard and preserve its own solvency, S4947 [30AP], S5054, S5055, S5057-S5059 [4MY]

Financial institutions: provide oversight for Public-Private Investment Program, S5099, S5100, S5101, S5109 [5MY]

FTC: clarify rulemaking authority over home mortgage loans issued by federally regulated financial institutions, S5093, S5094 [5MY]

GAO: grant authority to audit FRS Board of Governors activities involving Troubled Asset Relief Program, S5118, S5119 [5MY], S5181, S5182 [6MY]

Homeless Assistance Act: clarify definition of homeless, S5182, S5183, S5185 [6MY]

———reauthorize, S5106-S5108, S5113 [5MY], S5180, S5182, S5183, S5185 [6MY]

Housing: protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, S5096, S5110, S5112, S5115 [5MY], S5174 [6MY]

———require notice to consumers when a mortgage loan has been sold, transferred, or assigned to a third party, S5098, S5099 [5MY], S5173, S5174 [6MY]

Neighborhood Stabilization Program: provide foreclosure prevention assistance to families threatened with foreclosure and permit Statewide funding competition in minimum allocation States, S5111 [5MY], S5174 [6MY]

Public lands: establish a pilot program for the expedited disposal of Federal real property, S5112-S5114 [5MY], S5179 [6MY]

Reports filed

Consideration of H.R. 1106, Provisions: Committee on Rules (House) (H. Res. 190) (H. Rept. 111-21), H2833 [25FE]

———Committee on Rules (House) (H. Res. 205) (H. Rept. 111-23), H2978 [4MR]

Same-Day Consideration of Consideration of S. 896, Provisions: Committee on Rules (House) (H. Res. 450) (H. Rept. 111-113), H5711 [18MY]

Texts of

H. Res. 190, consideration of H.R. 1106, provisions, H2839 [26FE]

H. Res. 205, consideration of H.R. 1106, provisions, H2986 [5MR]

H.R. 1106, provisions, H2997-H3001 [5MR]

S. 896, provisions, S5185-S5205 [6MY], S5744-S5764 [20MY], H5740-H5760 [19MY]