legislation: 112-hr-6467

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
112-hr-6467 112 hr 6467 Rebuilding Equity Act of 2012 Housing and Community Development 2012-09-20 2012-10-23 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. House Rep. Langevin, James R. [D-RI-2] RI D L000559 7 Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan with a term of not longer than 20 years. Requires the subject property to have a loan-to-value ratio of not less than 105%. 2019-11-15T20:54:05Z  

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