S. 2909 · 112th Congress
Rebuilding Equity Act of 2012
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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.
D
MerkleySponsorNo cosponsors.
Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, in which the GSE shall pay…
What it does: CRS summary · Introduced in Senate · May 8, 2012
Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, in which the GSE shall pay for the closing costs associated with applying for and receiving the refinancing when the borrower agrees to refinance into a fully amoritizing loan with a term of not longer than 20 years.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rebuilding Equity Act of 2012
Latest action (May 8, 2012): Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
Policy area: Housing and Community Development · Origin: Senate · Introduced: May 8, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.