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S 2854 113th Congress Senate Housing and Community Development Financial services and investments Government studies and investigations Housing finance and home ownership Interest, dividends, interest rates Real estate business

Preserving American Homeownership Act of 2014

Introduced: September 18, 2014 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Sep 18, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 18, 2014
Introduced in Senate
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 Plain-English summary Congressional Research Service

Preserving American Homeownership Act of 2014 - Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage the use of shared equity mortgage modifications designed to return greater net present value to investors than other loss-mitigation activities, including foreclosure.

Requires a shared equity mortgage modification to:

  • reduce by specified action the loan-to-value ratio of a covered mortgage to 100% or less within 3 years;
  • reduce the interest rate if such a reduction of principal would not result in an affordable reduced monthly payment;
  • reduce to a specified amount any periodic payment the homeowner is required to make;
  • require the homeowner to pay the investor, upon refinancing or selling the real property securing a covered mortgage, up to 50% of the amount of the equity value of the real property, subject to certain conditions;
  • be designed to deliver maximal net present value to the investor; and
  • be based on specified factors.
What's happening now September 18, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Blumenthal, Richard
Connecticut · Sep 18, 2014
 D
Reed, Jack
Rhode Island · Sep 18, 2014
 D
Warren, Elizabeth
Massachusetts · Sep 18, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2854: Preserving American Homeownership Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2854/
MLA
"S. 2854: Preserving American Homeownership Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2854/.
Bluebook (legal)
S. 2854, 113th Cong. (2026), https://openamerica.io/bill/113-S-2854/.
Markdown link
[S. 2854: Preserving American Homeownership Act of 2014](https://openamerica.io/bill/113-S-2854/)
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