H.R. 6218 · 111th Congress
Housing Opportunity and Mortgage Equity Act of 2010
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
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.
D
CardozaSponsor33 cosponsors · 33 D
D
Berkley
JB
D
Baca
JC
D
Costa
KC
D
Castor
RD
D
DeLauro
AE
D
Eshoo
GG
D
Giffords
JG
D
Garamendi
AH
D
Hastings
SK
D
Kagen
JL
D
Larson
GM
D
Miller
JM
D
McNerney
AS
D
Sires
DW
D
Wasserman Schultz
PW
D
Welch
XB
D
Becerra
SF
D
Farr
MH
D
Hinchey
MH
D
Hirono
MJ
D
Jo Kilroy
GN
D
Napolitano
EP
D
Pastor
LR
D
Roybal-Allard
LR
D
Richardson
LS
D
Sanchez
LS
D
Slaughter
PS
D
Stark
BS
D
Sutton
MT
D
Thompson
DT
D
Titus
LW
D
Woolsey
BF
D
Filner16 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Housing Opportunity and Mortgage Equity Act of 2010 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a…
What it does: CRS summary · Introduced in House · Sep 28, 2010
Housing Opportunity and Mortgage Equity Act of 2010 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a refinancing mortgage (and for the purchase of and securitization of such refinancing mortgages) in accordance with this Act and the policies and procedures of the Federal Housing Finance Agency.
Defines a qualified mortgage as one, regardless of whether the mortgagor is current on payments due or in default, that: (1) is an existing first mortgage for purchase of, or refinancing another first mortgage on, a one- to four-family dwelling, including a condominium or a share in a cooperative ownership housing association, that is occupied by the mortgagor as principal residence; (2) is owned or guaranteed by the particular GSE; and (3) was originated on or before enactment of this Act.
Specifies the terms and conditions of a refinancing mortgage, including a 40-year term to maturity and a prohibition on borrower fees. Requires waiver or forgiveness of all fees and penalties related to any default or delinquency on the original mortgage.
Requires a GSE to pay a fee of up to $1,000 to the servicer of a qualified mortgage refinance.
Prohibits any requirement of a property appraisal.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Housing Opportunity and Mortgage Equity Act of 2010
Latest action (Sep 28, 2010): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: Sep 28, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.