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- H.R.3644
H.R.3644: Private Mortgage Market Investment Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced Dec. 13, 2011
- Latest Major Action Jan. 12, 2012
Bill Sponsor
Bill Cosponsors
6 (All Republicans)
Bill Summary
Private Mortgage Market Investment Act - Directs the Director of the Federal Housing Finance Agency (FHFA) to prescribe classifications for mortgages having various degrees of credit risk, ranging from those with little to no credit risk to those with higher credit risk, with the goals of: (1) maximizing the pricing of credit risk, (2) allowing for the trading of securities collateralized by such classifications in a forward market, and (3)...
(Source: Library of Congress)
Bill Actions
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Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction.
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 18 - 15 .
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| Dec. 13, 2011 |
Introduced in the House by Scott Garrett (R-N.J.) |