Helping Our Veterans to Keep Their Homes Act of 2008

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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D FilnerSponsor

27 cosponsors · 26 D, 1 R

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Helping Our Veterans to Keep Their Homes Act of 2008 - Increases from 90% to 100% of the reasonable value of a veteran's dwelling or farm residence the amount of the loan to be guaranteed or made in the case of a loan to refinance certain loans.

What it does: CRS summary · Introduced in House · Dec 19, 2007

Repeals the current fee schedule with respect to veterans' housing and small business loans. Changes the loan fee for such loans to 1% of the total amount of the loan guaranteed, insured, or made, or in the case of a loan assumption, the unpaid principal balance of the loan on the date of the transfer of the property.

Extends the demonstration projects involving: (1) adjustable rate mortgages through FY2018; and (2) hybrid adjustable rate through FY2012.

Increases the maximum loan guaranty amount of the Federal Home Loan Mortgage Corporation (Freddie Mac) conforming limit limitation determined for a single-family residence, as adjusted for the year involved.

Provides for an annual inflation increase in home loan guaranty amounts.

Directs the Secretary of Veterans Affairs to review and streamline the process of guaranteeing home loans for the purchase of a condominium.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Helping Our Veterans to Keep Their Homes Act of 2008

Latest action (Apr 30, 2008): Ordered to be Reported (Amended) by Voice Vote.

Policy area: Armed Forces and National Security · Origin: House · Introduced: Dec 19, 2007

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.