HR 892 ยท Mortgage Rate Reduction Act
Referred to the Subcommittee on Economic Opportunity.
- Introduced
- Jan 31, 2025
- Latest action
- Mar 5, 2025
- Sponsor
- Rep. Patrick Ryan [D-NY-18]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 0
Summary
Mortgage Rate Reduction Act This bill authorizes the federal guarantee, or insurance, of certain second mortgages. Specifically, this applies to properties with a first mortgage guaranteed by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). For a second mortgage to qualify, the first mortgage on the property must be guaranteed under the same authority. The bill also requires the publication of mortgage guarantee information by the FHA, VA, and Department of Agriculture. For each mortgage guaranteed, these agencies must publish the address of the property and the date of the loan.
Recent actions
- Mar 5, 2025 Referred to the Subcommittee on Economic Opportunity.
- Jan 31, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Jan 31, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Jan 31, 2025 Introduced in House
- Jan 31, 2025 Introduced in House
Votes
No recorded votes are available for this bill.