HR 3195 · 111th Congress · Housing and Community Development

National Home Mortgage and Loan Performance Registry Act of 2009

Introduced 2009-07-14· Sponsored by Rep. Turner, Michael R. [R-OH-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-07-14)

Plain Language Summary

[AI summary unavailable — showing source text] National Home Mortgage and Loan Performance Registry Act of 2009 - Amends the Home Mortgage Disclosure Act of 1975 to require certain additional itemized mortgage loan data disclosures by depository institutions and mortgage servicers. Directs the Board of Governors of the Federal Reserve System to establish a National Home Mortgage and Loan Performance Registry to compile and make available information regarding the making of mortgage loans and their performance, including information regarding default and foreclosure occurrences and rates, for mortgage loans for single-family housing, multifamily housing, and small farms. Requires the Board to report quarterly to Congress, the Secretary of the Treasury, and the Secretary of Housing and Urban Development (HUD) regarding the performance of outstanding mortgage loans. Directs the Board and the Secretaries to report jointly to Congress regarding any additional actions or authority necessary to improve the Registry.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat