Hearing Date :2011-02-14T00:00:00
Committee :House Judiciary Subcommittee on Subcommittee on Courts, Commercial and Administrative Law
Sub Committee :
Congress Number :112
To amend the Gramm-Leach-Bliley Act to improve regulations dealing with the disclosure by financial institutions of nonpublic personal information, and for other purposes.
Hearing Date :2011-02-10T00:00:00
Committee :House Judiciary Subcommittee on Subcommittee on Courts, Commercial and Administrative Law
Sub Committee :
Congress Number :112
Hearing Date :2011-02-09T00:00:00
Committee :House Financial Services Subcommittee on Capital Markets & Govt Sponsored Enterprises
Sub Committee :
Congress Number :112
Hearing Date :2011-02-09T00:00:00
Committee :House Oversight & Government Reform Committee
Sub Committee :
Congress Number :112
Hearing Date :2011-02-01T00:00:00
Committee :Senate Judicary Committee
Sub Committee :
Congress Number :112
Authorizes a bankruptcy court to establish a loss mitigation program for the negotiation of consensual alternatives to avoid foreclosure between an individual debtor and the holder of a claim secured by a security interest in the debtor's principal residence.
Prohibits the Secretary of the Treasury from providing any assistance on behalf of any homeowner under the Home Affordable Modification Program (HAMP) under the Making Home Affordable initiative, authorized under the Emergency Economic Stabilization Act of 2008, unless before the enactment of this Act the homeowner was extended an offer to participate in such Program on a trial or permanent basis. Nullifies and terminates all contracts between the Secretary and mortgage servicers under HAMP, except with respect to such homeowners. Provides for use of unobligated HAMP funds for reducing the federal debt.
Helping Responsible Homeowners Act - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a refinancing mortgage (and for the purchase of and securitization of such refinancing mortgages) in accordance with this Act and the policies and procedures of the Federal Housing Finance Agency. Defines a qualified mortgage as one that: (1) is an existing first mortgage for purchase of, or refinancing another first mortgage on, a one- to four-family dwelling, including a condominium or a share in a cooperative ownership housing association, that is occupied by the mortgagor as principal residence\; (2) is owned or guaranteed by the particular GSE\; and (3) the mortgagor is current on payments due under the mortgage. Specifies the terms and conditions of a refi