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- H.R.3507
H.R.3507: Improving Homeownership Opportunities in High-Cost States Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about finance and financial sector
- Introduced Nov. 18, 2003
- Latest Major Action Jan. 2, 2004
Bill Sponsor
Bill Cosponsors
42 (42 Democrats, 1 Republican)
Bill Summary
Improving Homeownership Opportunities in High-Cost States Act - Amends the Federal National Mortgage Association Charter Act (Fannie Mae) and the Federal Home Loan Mortgage Corporation Act (Freddie Mac) to include among the exceptions to the prohibition that an outstanding mortgage cannot exceed 80 percent of the securing property's value for a residential mortgage those properties located in a State containing any high-cost metropolitan...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
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Nov. 18, 2003 |
Introduced in the House by Brad Sherman (D-Calif.) |