Housing Finance And Home Ownership
US Congress 115th Congress
Foreclosure Fairness Act of 2017 [HB-3016]
[Real Estate ]
[Housing ]
[Consumer Protection ]
Foreclosure Fairness Act of 2017
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Keeping Families Home Act of 2017 [HB-3014]
[Housing ]
[Family-Related Legislation ]
[Community Development ]
[Human Services ]
[Poverty ]
Keeping Families Home Act of 2017
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US Congress 115th Congress
To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes. [HB-2948]
[Finance ]
[Housing ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes. (Sec. 1) This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution. (Sec. 2) The bill revises the Act's civil liability immunity provisions.
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US Congress 115th Congress
Home Mortgage Disclosure Adjustment Act [HB-2954]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
Home Mortgage Disclosure Adjustment Act (Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years. (Sec.
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US Congress 115th Congress
Housing Opportunity Mortgage Expansion Act [HB-2890]
[Housing ]
[Insurance ]
[Real Estate ]
Housing Opportunity Mortgage Expansion Act This bill amends the Federal Home Loan Bank Act to continue Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to publication of the proposed (now final) Federal Housing Finance Agency rule ending their FHLB membership. (A captive insurance company underwrites insurance for its parent company and does not provide insurance to the public.) The parent company must support residential mortgage activities.
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US Congress 115th Congress
Family Self-Sufficiency Act [S.1344]
[Family-Related Legislation ]
[Human Services ]
[Poverty ]
Family Self-Sufficiency Act
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US Congress 115th Congress
21st Century Flood Reform Act [HB-2874]
[Insurance ]
[Disaster Relief ]
[Housing ]
[Consumer Protection ]
[Real Estate ]
[Budget and Spending ]
[Funding ]
21st Century Flood Reform Act TITLE I--POLICYHOLDER PROTECTIONS AND INFORMATION (Sec. 101) This bill amends the National Flood Insurance Act of 1968 to extend the National Flood Insurance Program (NFIP) through FY2022. (Sec. 102) The bill changes annual minimums and limits on premium increases for specified policies subsidized through NFIP to: (1) increase the minimum from 5% to 5.5% for the second year after enactment, (2) increase the minimum from 5% to 6% for the third year, (3) increase the minimum from 5% to 6.5% for the fourth year and beyond,
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US Congress 115th Congress
Relationship Lending Preservation Act of 2017 [S.1315]
[Finance ]
[Housing ]
[Consumer Protection ]
[Real Estate ]
Relationship Lending Preservation Act of 2017 This bill directs the Consumer Financial Protection Bureau to issue regulations that include as a "qualified mortgage" any mortgage loan that: (1) is extended by a Federal Home Loan Bank member that, together with its affiliates, has less than $10 billion in total consolidated assets; (2) meets specified qualifying criteria under the Truth in Lending Act; and (3) is eligible to be purchased by a Federal Home Loan Bank pursuant to regulations of the Federal Housing Finance Agency and requirements established
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US Congress 115th Congress
First-Time Homebuyer Savings Account Act of 2017 [HB-2802]
[Real Estate ]
[Housing ]
[Taxes ]
[Construction ]
[Finance ]
[Property Tax ]
First-Time Homebuyer Savings Account Act of 2017 This bill amends the Internal Revenue Code to provide for tax-preferred savings accounts for first-time homebuyers. An individual may make up to $14,000 per year in after-tax contributions to the account, subject to a $50,000 lifetime contribution limit, a $150,000 limit on the fair market value of the account, and adjustments for inflation after 2018. Distributions from the account that are used to pay the qualified principal residence purchase expenditures of the designated beneficiary are excluded
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US Congress 115th Congress
Disaster Savings Accounts Act of 2017 [HB-2818]
[Disaster Relief ]
[Taxes ]
[Budget and Spending ]
[Insurance ]
[Housing ]
[Property Tax ]
Disaster Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such accounts to pay disaster mitigation and recovery expenses, and (4) set forth tax rules and penalties for
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Flood Insurance Affordability and Sustainability Act of 2017 [S.1313]
[Insurance ]
[Disaster Relief ]
[Housing ]
[Real Estate ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Property Tax ]
[Consumer Protection ]
Flood Insurance Affordability and Sustainability Act of 2017 This bill amends the National Flood Insurance Act of 1968 to extend the National Flood Insurance Program (NFIP) through FY2027 (currently, certain provisions expire FY2017). The Federal Emergency Management Agency (FEMA) is directed to base the coverage limit of flood insurance obtained through NFIP on the maximum confirmation loan limit determined by the Federal National Mortgage Association (Fannie Mae). Under current law, coverage is limited to $250,000 for residential dwellings and
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US Congress 115th Congress
Home Mortgage Disclosure Adjustment Act [S.1310]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
[Small Business ]
Home Mortgage Disclosure Adjustment Act This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years.
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US Congress 115th Congress
First Time Homeowner Savings Plan Act [HB-2808]
[Housing ]
[Real Estate ]
[Retirement ]
[Taxes ]
[Inflation ]
First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.
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US Congress 115th Congress
Give Veterans Home Loan Choices Act of 2017 [HB-2777]
[Housing ]
[Veterans ]
[Finance ]
[Real Estate ]
[Military ]
[Consumer Protection ]
Give Veterans Home Loan Choices Act of 2017 This bill amends the National Housing Act to require that a Federal Housing Administration mortgage notice for a prospective borrower who is a veteran include, in addition to comparative rate and fee information about conventional loans, similar comparative information about Department of Veterans Affairs (VA) home loans. The Federal Housing Finance Agency shall direct the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to revise the uniform
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Mortgage Forgiveness Tax Relief Act of 2017 [HB-2543]
[Housing ]
[Real Estate ]
[Taxes ]
Mortgage Forgiveness Tax Relief Act of 2017 This bill amends the Internal Revenue Code to extend through 2018 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.
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US Congress 115th Congress
Mortgage Fairness Act of 2017 [HB-2570]
[Finance ]
[Housing ]
[Consumer Protection ]
[Real Estate ]
Mortgage Fairness Act of 2017 This bill amends the Truth in Lending Act to revise the definition of "points and fees," for purposes of determining whether a mortgage is a "high-cost mortgage," to: (1) exclude compensation taken into account in setting the interest rate and for which the consumer was not separately charged, and (2) include compensation paid by a consumer or creditor to an individual employed by or contracting with a mortgage originator. (A high-cost mortgage designation restricts the terms of a loan and requires a lender to make
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US Congress 115th Congress
Preserving Access to Manufactured Housing Act of 2017 [HB-1699]
[Housing ]
[Consumer Protection ]
[Finance ]
[Real Estate ]
Preserving Access to Manufactured Housing Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act. (Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages
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Fannie and Freddie Open Records Act of 2017 [HB-1694]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
[Data Privacy ]
Fannie and Freddie Open Records Act of 2017 (Sec. 2) This bill applies the Freedom of Information Act (FOIA) to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) during any period either such enterprise is under conservatorship or receivership of the Federal Housing Finance Agency. The FOIA exemption for trade secrets and commercial or financial information shall apply without regard to whether such information was obtained from a person outside Fannie Mae or Freddie Mac. The FOIA
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US Congress 115th Congress
Affordable Housing Credit Improvement Act of 2017 [HB-1661]
[Housing ]
[Taxes ]
[Real Estate ]
[Community Development ]
[Native American Affairs ]
Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit "the affordable housing credit" and make several modifications to the credit. The bill revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are taken into account as rent. The bill revises various requirements to: establish a 4% minimum
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✔
TARGET Act Targeted Rewards for the Global Eradication of Human Trafficking [HB-1625]
[Human Rights ]
[International ]
[Crime ]
TARGET Act Targeted Rewards for the Global Eradication of Human Trafficking (Sec. 2) This bill expresses the sense of Congress that the Department of State's rewards program is a powerful tool in combating sophisticated international crime and that the State Department and federal law enforcement should work in concert to offer rewards that target human traffickers who prey on the most vulnerable people around the world. (Sec. 3) The State Department Basic Authorities Act of 1956 is amended to include severe forms of trafficking in persons involving
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