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HR 1331 111th Congress House

REFI for Homeowners Act of 2009

Official title: To replace the HOPE for Homeowners Program with a new program developed and implemented by the Secretary of Housing and Urban Development.

Introduced: March 5, 2009 Introduced by: Capito, Shelley Moore Republican · West Virginia See on congress.gov
Housing and Community Development Government lending and loan guaranteesHousing finance and home ownershipUser charges and fees
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2009
Referred to the House Committee on Financial Services.
Mar 5, 2009
Introduced in House
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 Latest action March 5, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Responsible, Equitable, and Fair Insurance for Homeowners Act of 2009 or the REFI for Homeowners Act of 2009 - Amends the National Housing Act to direct the Secretary of Housing and Urban Development (HUD) to insure any mortgage covering a troubled homeowner's one- to four-family primary residence that is made to pay or prepay (refinance) outstanding obligations under an existing mortgage or mortgages meeting specified requirements.

Prohibits the refinancing of liar loans, zero-down loans, or loans with equity removed.

Authorizes the Board of Governors of the Federal Reserve System, the Secretary of the Treasury, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) to purchase mortgage-backed securities guaranteed by the Government National Mortgage Association (GNMA [Ginnie Mae]) that are either backed by loans originated under this Act, or whole loans originated and purchased under this Act. Authorizes GNMA to hold, sell, and securitize such whole loans.

Amends the Emergency Economic Stabilization Act of 2008 (EESA) to reduce Troubled Asset Relief Program (TARP) funds to offset costs of this Program.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Sessions, Pete
Texas · Mar 5, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1331: REFI for Homeowners Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1331/
MLA
"H.R. 1331: REFI for Homeowners Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1331/.
Bluebook (legal)
H.R. 1331, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1331/.
Markdown link
[H.R. 1331: REFI for Homeowners Act of 2009](https://openamerica.io/bill/111-HR-1331/)
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