119th Congress
H.R. 892
Mortgage Rate Reduction Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Patrick Ryan(D-NY)
- Introduced
- Jan 31, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; House Committee on Veterans' Affairs
- Official text
- Introduced in House · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Mar 5, 2025
Referred to the Subcommittee on Economic Opportunity. - Jan 31, 2025 · House
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