H.R. 2508 · 112th Congress
To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage…
Full title
To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CampbellSponsor31 cosponsors · 31 D
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Ackerman
HB
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Berman
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Bishop
MC
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Capuano
JC
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Crowley
SC
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Cohen
DE
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Edwards
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Farr
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Filner
BF
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Frank
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Hinchey
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Hirono
JH
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Himes
RL
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Larsen
CM
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Maloney
GM
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Meeks
DP
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Payne
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Quigley
CR
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Rangel
LS
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Sanchez
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Smith
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Speier
ET
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Towns
NV
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Velázquez
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Waters
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Woolsey
JB
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Baca
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Van Hollen
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Costa
EF
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Faleomavaega
CH
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Hanabusa1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Declares that, for mortgages originated during FY2012 and FY2013, if the dollar amount limit on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) for any size residence for any area is less than the limit in…
What it does: CRS summary · Introduced in House · Jul 13, 2011
Declares that, for mortgages originated during FY2012 and FY2013, if the dollar amount limit on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) for any size residence for any area is less than the limit in effect for 2008 under the Economic Stimulus Act of 2008, the maximum dollar amount limit on the principal obligation of such a mortgage shall be such maximum limit in effect for 2008 (in effect, an increase in the limit on the maximum original mortgage principal obligation from the FY2012 or FY2013 level to the 2008 level).
Makes a similar declaration (and mortgage principal limit increase), for mortgages for which the mortgagee issues credit approval during FY2012 and FY2013, about the dollar amount limit on the maximum original principal obligation of a mortgage that may be insured by the Secretary of Housing and Urban Development (HUD).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes.
Latest action (Aug 22, 2011): Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Policy area: Housing and Community Development · Origin: House · Introduced: Jul 13, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.