HR 6467 · 112th Congress 2011–2013, ended

Rebuilding Equity Act of 2012

Introduced Sep 20, 2012 Originated House Sponsor James R. Langevin D-RI

Fact sheet

Latest action · Oct 23, 2012 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

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.

  1. IntroducedSep 20, 2012
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan with a term of not longer than 20 years. Requires the subject property to have a loan-to-value ratio of not less than 105%.

Cosponsors 7

Members who signed on, in the order they did. Signatures ran from Sep 20, 2012 to Oct 12, 2012, with 4 there on the day it was introduced.

SeatCosponsorSigned on
D-NJAlbio SiresOriginalSep 20, 2012
D-NCBrad MillerOriginalSep 20, 2012
D-RIDavid N. CicillineOriginalSep 20, 2012
D-ORSuzanne BonamiciOriginalSep 20, 2012
D-OREarl BlumenauerSep 21, 2012
D-HIMazie K. HironoSep 21, 2012
D-NJRush HoltOct 12, 2012

Actions 3

Everything that happened, newest first.

  1. Oct 23, 2012Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
  2. Sep 20, 2012Introduced in House
  3. Sep 20, 2012Referred to the House Committee on Financial Services.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2909Rebuilding Equity Act of 2012Related billMay 8, 2012
S 3520Rebuilding Equity Act of 2012Identical billAug 2, 2012

Subjects

Assigned by the Library of Congress. Policy area: Housing and Community Development.

Text 1

Each version as it was printed, newest first.

  1. Sep 20, 2012Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.