Housing Opportunity and Mortgage Equity Act of 2009
Latest action · Jan 7, 2009 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 7, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Housing Opportunity and Mortgage Equity Act of 2009 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the enterprises) to implement a program to purchase and securitize qualified refinancing mortgages and qualified new mortgages on single-family housing in accordance with policies and procedures established by the Director of the Federal Housing Finance Agency (FHFA).
Sets forth requirements for the purchase and securitization of qualified mortgages.
Directs the Board of Governors of the Federal Reserve System to establish a credit facility of the Federal Reserve System to make credit available to the enterprises at interest rates comparable to certain rates on securities issued by the Secretary of the Treasury.
Terminates the requirement under this Act for the enterprises to purchase mortgages after December 31, 2010.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Jan 9, 2009 to Feb 11, 2009.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Bob Filner | Jan 9, 2009 | |
| D-AZ | Gabrielle Giffords | Jan 9, 2009 | |
| D-CA | Jim Costa | Jan 9, 2009 | |
| D-NY | Maurice D. Hinchey | Jan 9, 2009 | |
| D-MI | John D. Dingell | Jan 14, 2009 | |
| D-NV | Shelley Berkley | Feb 11, 2009 |
Actions 2
Everything that happened, newest first.
- Jan 7, 2009Introduced in House
- Jan 7, 2009Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Jan 7, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.