H.R. 3164 · 112th Congress
Short Sale Transparency Act of 2011
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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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DavisSponsor12 cosponsors · 10 D, 2 R
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Honda
JS
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Speier
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Chu
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Filner
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Rooney
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Hahn
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Sherman
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Schiff
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Sánchez
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McNerney
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Johnson
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Posey2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short…
What it does: CRS summary · Introduced in House · Oct 12, 2011
Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Short Sale Transparency Act of 2011
Latest action (Oct 21, 2011): Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Policy area: Housing and Community Development · Origin: House · Introduced: Oct 12, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.