H.R. 892 · 119th Congress
Mortgage Rate Reduction Act
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D
RyanSponsorNo cosponsors.
This bill authorizes the federal guarantee, or insurance, of certain second mortgages. Specifically, this applies to properties with a first mortgage guaranteed by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA).
What it does: CRS summary · Introduced in House · Jan 31, 2025
Mortgage Rate Reduction Act
This bill authorizes the federal guarantee, or insurance, of certain second mortgages. Specifically, this applies to properties with a first mortgage guaranteed by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). For a second mortgage to qualify, the first mortgage on the property must be guaranteed under the same authority.
The bill also requires the publication of mortgage guarantee information by the FHA, VA, and Department of Agriculture. For each mortgage guaranteed, these agencies must publish the address of the property and the date of the loan.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Mortgage Rate Reduction Act
Latest action (Mar 5, 2025): Referred to the Subcommittee on Economic Opportunity.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 31, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.