VotedBy VotedBy ⌕
Election Day · Tue, Nov 3See how your members of Congress voted →

H.R. 2483 · 111th Congress

Increasing Homeownership Opportunities Act

Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

BSD ShermanSponsor
74 cosponsors · 59 D, 15 R
NAD Abercrombie GAD Ackerman HBD Berman BBR Bilbray MBR Bono Mack TBD Bishop ECD Cummings LCD Capps JCR Culberson DCD Cardoza JCR Campbell DDR Dreier AED Eshoo SFD Farr BFD Filner BFD Frank EGR Gallegly AGD Grayson JHD Harman MHD Honda JHD Hall DHD Halvorson CMD Maloney GMD Miller GMR Miller JMD McNerney DRR Rohrabacher ASD Schiff JSD Speier ETD Tauscher MWD Waters DMD Matsui JND Nadler JBD Baca JCD Costa NLD Lowey CMD McCarthy SDD Davis RHD Hinojosa DLD Lipinski KMR McCarthy SID Israel RWD Wexler KCR Calvert PMD Murphy CLR Lee SRD Rothman RAD Andrews FLR LoBiondo FPD Pallone JAD Adler MHD Heinrich ZLD Lofgren LWD Woolsey SBD Bishop AHD Hastings RLD Larsen LRD Richardson SBD Berkley DCD Christensen JGD Garamendi ASD Sires MCD Capuano CSR Smith PSD Stark LTR Terry AWD Weiner DKD Kildee JCD Chu PVD Visclosky TDD Deutch RHD Holt BMR McKeon GMD Meeks

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

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…

What it does: CRS summary · Introduced in House · May 19, 2009

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.

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

About this bill and sources

Official title: Increasing Homeownership Opportunities Act

Latest action (May 19, 2009): Referred to the House Committee on Financial Services.

Policy area: Housing and Community Development · Origin: House · Introduced: May 19, 2009

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

No recorded floor vote found.