HR 3733 · 112th Congress · Housing and Community Development

Affordable Mortgage for Homeowners Act of 2011

Introduced 2011-12-19· Sponsored by Rep. Hastings, Alcee L. [D-FL-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.(2012-01-12)

Plain Language Summary

[AI summary unavailable — showing source text] Affordable Mortgage for Homeowners Act of 2011 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) each to carry out a program to provide for the reduction of the interest rates on qualified mortgage mortgages (other than fixed-rate or adjustable-rate mortgages) on single-family housing owned or guaranteed by such enterprises, in accordance with policies and procedures that the Director of the Federal Housing Finance Agency (FHFA) shall establish. Requires each program to provide a procedure for mortgagors to opt-out of an interest rate reduction.…

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

Cosponsors (2)

2 Democrats
Rep. Filner, Bob [D-CA-51]CA
Rep. Blumenauer, Earl [D-OR-3]OR