Skip to main content
HR 230 111th Congress House

Housing Opportunity and Mortgage Equity Act of 2009

Official title: To prevent foreclosure of home mortgages and increase the availability of affordable new mortgages.

Introduced: January 9, 2009 See on congress.gov
Housing and Community Development Executive agency funding and structureFederal Reserve SystemGovernment lending and loan guaranteesHousing finance and home ownership
More subjectsShow fewer subjects
Interest, dividends, interest ratesSecurities
Sign in to write a letter Sign in to watch
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
Jan 7, 2009
Referred to the House Committee on Financial Services.
Jan 7, 2009
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action January 7, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Housing Opportunity and Mortgage Equity Act of 2009 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the enterprises) to implement a program to purchase and securitize qualified refinancing mortgages and qualified new mortgages on single-family housing in accordance with policies and procedures established by the Director of the Federal Housing Finance Agency (FHFA).

Sets forth requirements for the purchase and securitization of qualified mortgages.

Directs the Board of Governors of the Federal Reserve System to establish a credit facility of the Federal Reserve System to make credit available to the enterprises at interest rates comparable to certain rates on securities issued by the Secretary of the Treasury.

Terminates the requirement under this Act for the enterprises to purchase mortgages after December 31, 2010.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
D
Costa, Jim
California · Jan 9, 2009
Giffords, Gabrielle
· Jan 9, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 230: Housing Opportunity and Mortgage Equity Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-230/
MLA
"H.R. 230: Housing Opportunity and Mortgage Equity Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-230/.
Bluebook (legal)
H.R. 230, 111th Cong. (2026), https://openamerica.io/bill/111-HR-230/.
Markdown link
[H.R. 230: Housing Opportunity and Mortgage Equity Act of 2009](https://openamerica.io/bill/111-HR-230/)
Report a problem