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HR 3666 110th Congress House Housing and Community Development Congress Congressional reporting requirements Debtor and creditor Economic impact statements Economics and Public Finance Federal advisory bodies Federal-state relations Finance and Financial Sector Foreclosure Government Operations and Politics Home ownership Housing finance Legislation Mortgage banks Mortgages Usury

Foreclosure Prevention and Homeownership Protection Act

Introduced: September 25, 2007 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2007
Referred to the House Committee on Financial Services.
Sep 25, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Foreclosure Prevention and Homeownership Protection Act - Establishes the Commission to Preserve the American Dream (Commission) to study and report to Congress and the President on: (1) the adequacy of the existing legal and regulatory framework to address the current foreclosure and mortgage lending crisis and to prevent similar crises from happening in the future; (2) the role of the states versus the role of the federal government in ensuring homeowners are protected against unscrupulous lending practices; and (3) the effects of this crisis on the domestic and world economies.

Requires the Commission to make recommendations regarding: (1) ways to assist homeowners currently in danger of losing their homes; (2) ways to encourage lenders and borrowers to work together to prevent foreclosure; and (3) legislative and regulatory changes to protect homeowners against unscrupulous lending practices and strengthen accountability for those involved in the mortgage lending market.

What's happening now September 25, 2007

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3