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HR 2483 111th Congress House

Increasing Homeownership Opportunities Act

Official title: To permanently increase the conforming loan limits for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association and the FHA maximum mortgage amount limitations.

Introduced: May 13, 2010 Introduced by: Sherman, Brad Democratic · California See on congress.gov
Housing and Community Development Government corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHousing finance and home ownership
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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
May 19, 2009
Referred to the House Committee on Financial Services.
May 19, 2009
Introduced in House
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 Latest action May 19, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Increasing Homeownership Opportunities Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to increase limitations on the maximum original principal obligation of mortgages that may purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation Association (Freddie Mac).

Increases such limitations in areas where 125% (currently, 115%) of the median price of residences of a particular size exceed existing mortgage purchase limitations for such residence size.

Gives the Director of the Federal Housing Finance Agency (FHFA) discretion to increase existing mortgage purchase limitations where an increase is warranted by higher median home prices in an area or sub-area and will have a significant impact on the cost or availability of mortgages for such homes.

Amends the National Housing Act to raise limitations on the maximum principal obligation of mortgages that may be insured by the Secretary of Housing and Urban Development (HUD).

Gives the Secretary discretion to increase mortgage insurance limitations where an increase is warranted by higher median home prices in an area or sub-area and will have a significant impact on the cost or availability of mortgages for such homes.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 23
All 23 Democratic 13 Republican 2
D
Meeks, Gregory W.
New York · Jul 29, 2010
 D
Chu, Judy
California · Jun 8, 2010
 R
Smith, Christopher H.
New Jersey · May 19, 2010
CHRISTENSEN, DONNA
· May 18, 2010
 D
Garamendi, John
California · May 18, 2010
 D
Bishop, Sanford D.
Georgia · May 13, 2010
 D
Larsen, Rick
Washington · May 13, 2010
 D
Lofgren, Zoe
California · May 12, 2010
 D
Heinrich, Martin
New Mexico · May 11, 2010
Adler, John
· Apr 26, 2010
 D
Pallone, Frank
New Jersey · Apr 14, 2010
Lee, Christopher
· Sep 30, 2009
 R
Calvert, Ken
California · Jul 31, 2009
Murphy, Patrick
· Jul 31, 2009
McCarthy, Kevin
· Jun 18, 2009
 D
Costa, Jim
California · Jun 12, 2009
 D
Matsui, Doris O.
California · Jun 3, 2009
 D
Nadler, Jerrold
New York · Jun 3, 2009
BONO MACK, MARY
· May 19, 2009
Hall, John
· May 19, 2009
Halvorson, Deborah
· May 19, 2009
 D
Schiff, Adam B.
California · May 19, 2009
 D
Waters, Maxine
California · May 19, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2483: Increasing Homeownership Opportunities Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2483/
MLA
"H.R. 2483: Increasing Homeownership Opportunities Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2483/.
Bluebook (legal)
H.R. 2483, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2483/.
Markdown link
[H.R. 2483: Increasing Homeownership Opportunities Act](https://openamerica.io/bill/111-HR-2483/)
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