HR 892

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.

Bill status

Status

In committee

Sponsor

Rep. Patrick Ryan [D-NY-18]

Cosponsors

0

Policy area

Finance and Financial Sector

Introduced

2025-01-31

Latest action

2025-03-05: Referred to the Subcommittee on Economic Opportunity.

Committee referrals

• Veterans' Affairs Committee: House · Referred To · 2025-01-31
• Financial Services Committee: House · Referred To · 2025-01-31

Recent actions

• 2025-03-05: Referred to the Subcommittee on Economic Opportunity.
• 2025-01-31: 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.
• 2025-01-31: 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.
• 2025-01-31: Introduced in House
• 2025-01-31: Introduced in House