US Congress House Bill 2483 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 59-16)
Status: Introduced on May 19 2009 - 25% progression, died in committee
Action: 2009-05-19 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Increasing Homeownership Opportunities Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to increase limitations on the maximum original principal obligation of mortgages that may purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation Association (Freddie Mac). Increases such limitations in areas where 125% (currently, 115%) of the median price of residences of a particular size exceed existing mortgage purchase limitations for such residence size. Gives the Director of the Federal Housing Finance Agency (FHFA) discretion to increase existing mortgage purchase limitations where an increase is warranted by higher median home prices in an area or sub-area and will have a significant impact on the cost or availability of mortgages for such homes. Amends the National Housing Act to raise limitations on the maximum principal obligation of mortgages that may be insured by the Secretary of Housing and Urban Development (HUD). Gives the Secretary discretion to increase mortgage insurance limitations where an increase is warranted by higher median home prices in an area or sub-area and will have a significant impact on the cost or availability of mortgages for such homes.

Increasing Homeownership Opportunities Act

Rep. Neil Abercrombie [D-HI]	Rep. Gary Ackerman [D-NY]	Rep. John Adler [D-NJ]	Rep. Robert Andrews [D-NJ]
Rep. Joe Baca [D-CA]	Rep. Shelley Berkley [D-NV]	Rep. Howard Berman [D-CA]	Rep. Brian Bilbray [R-CA]
Rep. Sanford Bishop [D-GA]	Rep. Timothy Bishop [D-NY]	Rep. Mary Bono Mack [R-CA]	Rep. Ken Calvert [R-CA]
Rep. John Campbell [R-CA]	Rep. Lois Capps [D-CA]	Rep. Michael Capuano [D-MA]	Rep. Dennis Cardoza [D-CA]
Rep. Donna Christensen [D-VI]	Rep. Judy Chu [D-CA]	Rep. Jim Costa [D-CA]	Rep. John Culberson [R-TX]
Rep. Elijah Cummings [D-MD]	Rep. Susan Davis [D-CA]	Rep. Theodore Deutch [D-FL]	Rep. David Dreier [R-CA]
Rep. Anna Eshoo [D-CA]	Rep. Sam Farr [D-CA]	Rep. Bob Filner [D-CA]	Rep. Barney Frank [D-MA]
Rep. Elton Gallegly [R-CA]	Rep. John Garamendi [D-CA]	Rep. Alan Grayson [D-FL]	Rep. John Hall [D-NY]
Rep. Deborah Halvorson [D-IL]	Rep. Jane Harman [D-CA]	Rep. Alcee Hastings [D-FL]	Sen. Martin Heinrich [D-NM]
Rep. Ruben Hinojosa [D-TX]	Rep. Rush Holt [D-NJ]	Rep. Michael Honda [D-CA]	Rep. Steve Israel [D-NY]
Rep. Dale Kildee [D-MI]	Rep. Rick Larsen [D-WA]	Rep. Christopher Lee [R-NY]	Rep. Daniel Lipinski [D-IL]
Rep. Frank LoBiondo [R-NJ]	Rep. Zoe Lofgren [D-CA]	Rep. Nita Lowey [D-NY]	Rep. Carolyn Maloney [D-NY]
Rep. Doris Matsui [D-CA]	Rep. Carolyn McCarthy [D-NY]	Rep. Kevin McCarthy [R-CA]	Rep. Howard McKeon [R-CA]
Rep. Jerry McNerney [D-CA]	Rep. Gregory Meeks [D-NY]	Rep. Gary Miller [R-CA]	Rep. George Miller [D-CA]
Rep. Patrick Murphy [R-PA]	Rep. Jerrold Nadler [D-NY]	Rep. Frank Pallone [D-NJ]	Rep. Laura Richardson [D-CA]
Rep. Dana Rohrabacher [R-CA]	Rep. Steven Rothman [D-NJ]	Rep. Adam Schiff [D-CA]	Rep. Brad Sherman [D-CA]
Rep. Albio Sires [D-NJ]	Rep. Christopher Smith [R-NJ]	Rep. Jackie Speier [D-CA]	Rep. Fortney Stark [D-CA]
Rep. Ellen Tauscher [D-CA]	Rep. Lee Terry [R-NE]	Rep. Peter Visclosky [D-IN]	Rep. Maxine Waters [D-CA]
Rep. Anthony Weiner [D-NY]	Rep. Robert Wexler [D-FL]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2009-05-19		Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2483/all-info
Text	https://www.congress.gov/111/bills/hr2483/BILLS-111hr2483ih.pdf