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Latest Update: Wednesday, August, 20th 2008
To create a voluntary FHA program that provides mortgage refinancing assistance to allow families to stay in their homes, protect neighborhoods, and help stabilize the housing market. 5/5/2008--Reported to House amended. (There is 1 other summary) FHA Housing Stabilization and Homeownership Retention Act of 2008 - Title I: Homeownership Retention - (Sec. 102) Amends the National Housing Act (NHA) to create the Refinance Program Oversight Board, which shall establish and oversee a program for insuring homeownership retention mortgages. Instructs the Secretary of Housing and Urban Development (HUD) to insure any homeownership retention mortgage covering a one- to four-family residence made to pay or prepay outstanding obligations under an existing mortgage on the residence. Sets forth mortgagor eligibility criteria, including mortgagor certification that: (1) the residence is the only residence in which the mortgagor has any present [...] show full description
- 05/05/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-619.
- 05/05/2008 - Placed on the Union Calendar, Calendar No. 386.
- 05/01/2008 - Committee Consideration and Mark-up Session Held.
- 05/01/2008 - Ordered to be Reported (Amended) by Voice Vote.
- 05/01/2008 - Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 21.
show all actions- 05/05/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-619.
- 05/05/2008 - Placed on the Union Calendar, Calendar No. 386.
- 05/01/2008 - Committee Consideration and Mark-up Session Held.
- 05/01/2008 - Ordered to be Reported (Amended) by Voice Vote.
- 05/01/2008 - Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 21.
- 04/30/2008 - Committee Consideration and Mark-up Session Held.
- 04/24/2008 - Committee Consideration and Mark-up Session Held.
- 04/17/2008 - Referred to the House Committee on Financial Services.
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