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- S.3426
S.3426: Homeowner Foreclosure Reduction Act of 2016
About This Bill
- Introduced Sept. 28, 2016
- Latest Major Action Sept. 28, 2016
Bill Sponsor
Bill Cosponsor
Bill Summary
Homeowner Foreclosure Reduction Act of 2016 This bill requires the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Housing Administration to permit certain nonprofit organizations and local governments to match the highest bids during sales of pools of certain nonperforming loans. An entity that purchases a pool of loans under this bill may not foreclose on any of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 28, 2016 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Sept. 28, 2016 |
Introduced in the Senate by Cory Booker (D-N.J.) |