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- S.2093
S.2093: Preserving American Homeownership Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced Feb. 9, 2012
- Latest Major Action Feb. 9, 2012
Bill Sponsor
Bill Cosponsor
Bill Summary
Preserving American Homeownership Act of 2012 - Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage the use of shared appreciation mortgage modifications that: (1) are designed to return greater cash flow to investors than other loss-mitigation activities, including foreclosure; and (2) result in positive net present value for the investor. Requires a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| Feb. 9, 2012 |
Introduced in the Senate by Robert Menendez (D-N.J.) |