HR 3164
112th Congress
House
Housing and Community Development
Government information and archives
Housing finance and home ownership
Short Sale Transparency Act of 2011
Introduced: October 12, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Oct 12, 2011
Referred to the House Committee on Financial Services.
Oct 12, 2011
Introduced in House
Plain-English summary
Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage.
What's happening now
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Committees of jurisdiction
2