2011 Bills We’re Watching
Posted by Krista Sabol on Feb 15, 2011 in Dodd Frank Act, Legislative Watch, Regulations, VA
H 363: Forced Refinance Provisions For Fannie/Freddie
Status: Introduced 1/20/11
The formal name of the bill is ‘Housing Opportunity and Mortgage Equity Act of 2011”. The bill would require Fannie/Freddie to create a program for qualified mortgages where an appraisal is not required. The servicing fee will be restricted to a maximum of $1,000.
H 330: First Time Homebuyer Tax Credit Extension
Status: Introduced 1/19/11
This bill proposes to extend First Time Homebuyer tax credit for one year.
H 214: Creation Of Office Of Regulatory Analysis
Status: Introduced 1/7/11
The director would be appointed by the house and senate leaders. The bill sets some detailed framework that requires each regulation to have a sunset date thereby requiring that regulations are reviewed for relevance periodically to avoid a sunset.
H 284: Appropriations For Nationwide Testing
Status: Introduced 1/12/11
This bill will appropriate funds to authorize nationwide fair lending testing to prevent housing discrimination
H 287z: VA Loan Program Enhancements
Status: Introduced 1/12/11
The bill seeks to provide housing assistance to very low income veterans through HUD. Funding proposals include planning grants, capital advances and project rental assistance.
H 87: Repeal Dodd Frank
Status: Introduced 1/5/11
A simple statement to repeal the Dodd Frank Act
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