FANNIE MAE (Government-sponsored enterprise)

Bills and resolutions

Credit: prevent foreclosure of home mortgages and increase availability of affordable refinancing of mortgages held by Fannie Mae and Freddie Mac (see H.R. 1712), H2297 [24AP]

——— prohibit Fannie Mae, Freddie Mac, and Ginnie Mae from owning or guaranteeing any mortgage assigned to, or for which, the Mortgage Electronic Registration Systems is the mortgagee of record (see H.R. 189), H51 [4JA]

——— prohibit Federal agencies from guaranteeing, making, or insuring a mortgage secured by a residence in a jurisdiction that has used eminent domain to take a residential mortgage (see H.R. 2733), H4724 [18JY]

——— provide for affordable refinancing of mortgages held by Fannie Mae and Freddie Mac (see S. 249), S519 [7FE] (see H.R. 736), H547 [14FE]

——— provide secondary mortgage reform by establishing the Federal Mortgage Insurance Corp., abolishing the Federal Housing Finance Agency, and phasing out housing Government-sponsored enterprises (see S. 1217), S5149 [25JN]

——— require Fannie Mae and Freddie Mac to disclose minimum price on the short sale of a residence financed by a mortgage purchased by them in order to make short sales a viable alternative to foreclosure (see H.R. 1335), H1822 [21MR]

——— require portion of closing costs to be paid by the enterprises with respect to certain refinanced mortgage loans (see S. 1375), S5968 [25JY] (see H.R. 3031), H5397 [2AU]

——— revoke Fannie Mae and Freddie Mac charters, temporarily create a Mortgage Finance Agency to secure mortgages until the transition to privatization, and protect against another housing collapse (see S. 1048), S3843 [23MY]

Disasters: ensure that homeowners with mortgages insured by the FHA, or owned or guaranteed by Fannie Mae or Freddie Mac, and with homes located in disaster areas, are notified of certain relief relative to such disasters (see H.R. 1499), H1956 [11AP]

Fannie Mae and Freddie Mac Investigative Commission: establish (see H.R. 234), H84 [14JA]

Government-sponsored enterprises: exercise clean-up call options under securities issued by Fannie Mae or Freddie Mac and prohibit new mortgage-backed securities to contain provisions for such options (see H.R. 3754), H8108 [12DE]

——— provide for repayment of amounts borrowed by Fannie Mae and Freddie Mac from the U.S. (see H.R. 2435), H3927 [19JN]

——— require use of amounts repaid to the Dept. of the Treasury by Fannie Mae and Freddie Mac to reduce the national debt (see H.R. 3340), H6774 [24OC]

Housing: ensure housing finance reform by prohibiting an increase in the guarantee fee to offset other spending and the sale of preferred shares of Government-sponsored enterprises (see S. 563), S1853 [14MR] (see H.R. 2348), H3590 [13JN]

Hurricanes: provide relief to homeowners affected by Hurricane Sandy who have mortgages insured by the FHA, or owned or guaranteed by Fannie Mae or Freddie Mac (see H.R. 554), H411 [6FE]

Remarks in Senate

Credit: provide secondary mortgage reform by establishing the Federal Mortgage Insurance Corp., abolishing the Federal Housing Finance Agency, and phasing out housing Government-sponsored enterprises (S. 1217), S5612–S5614 [10JY]