Skip to main content
HR 5884 112th Congress House

Homeownership Preservation Education Act of 2012

Official title: To establish a 1-year pilot program to reduce up-front premiums on FHA mortgage insurance for first-time homebuyers who complete a homeownership counseling pro… Show full official titleShow less

Official title: To establish a 1-year pilot program to reduce up-front premiums on FHA mortgage insurance for first-time homebuyers who complete a homeownership counseling program and thereby help to reduce default rates on residential mortgages.

Introduced: June 1, 2012 See on congress.gov
Housing and Community Development
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2012
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Jun 1, 2012
Referred to the House Committee on Financial Services.
Jun 1, 2012
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 July 11, 2012

Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

 Plain-English summary Congressional Research Service

Homeownership Preservation Education Act of 2012 - Directs the Secretary of Housing and Urban Development (HUD) to carry out a pilot program to evaluate the effectiveness, in reducing defaults on residential mortgages, of reducing up-front premiums for mortgage insurance made available by the Secretary pursuant to the National Housing Act for first-time homebuyers who complete a homeownership counseling program providing for one-on-one prepurchase counseling.

Requires reduced premiums for mortgages secured by a 1- to 4-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund for a first-time homebuyer who completes a HUD-approved program of counseling on the responsibilities and financial management involved in homeownership that provides for one-on-one prepurchase counseling of the homebuyer by a HUD-approved nonprofit housing counseling agency.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5884: Homeownership Preservation Education Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-5884/
MLA
"H.R. 5884: Homeownership Preservation Education Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-5884/.
Bluebook (legal)
H.R. 5884, 112th Cong. (2026), https://openamerica.io/bill/112-HR-5884/.
Markdown link
[H.R. 5884: Homeownership Preservation Education Act of 2012](https://openamerica.io/bill/112-HR-5884/)
Report a problem