S 2909
112th Congress
Senate
Housing and Community Development
Consumer credit
Government corporations and government-sponsored enterprises
Housing finance and home ownership
Legal fees and court costs
Rebuilding Equity Act of 2012
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2012
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
May 8, 2012
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 8, 2012
Introduced in Senate
Plain-English summary
Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, in which the GSE shall pay for the closing costs associated with applying for and receiving the refinancing when the borrower agrees to refinance into a fully amoritizing loan with a term of not longer than 20 years.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
Committees of jurisdiction
1