S 1508
112th Congress
Senate
Housing and Community Development
Administrative law and regulatory procedures
Federal Housing Finance Agency
Housing and community development funding
Housing finance and home ownership
User charges and fees
Veterans' loans, housing, homeless programs
Homeownership Affordability Act of 2011
Introduced: August 2, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Aug 2, 2011
Introduced in Senate
Plain-English summary
Homeownership Affordability Act of 2011 - Extends through December 31, 2013, specified loan limits for the Federal Housing Administration (FHA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises), and the Department of Veterans Affairs.
Directs the Federal Housing Finance Agency to increase mortgage guarantee fees charged by Fannie Mae and Freddie Mac for mortgage loans of between $625,500 and $729,750 originated between October 1, 2011 and December 31, 2013, in an amount necessary to increase by $336 million the revenue raised from such fees.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1