S. 2036, The Protecting Access to Safe Mortgages Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on September 11, 2007, 18:49:59, by webmaster:

S. 2036 would temporarily raise conforming loan limits in high cost areas and portfolio caps applicable to Freddie Mac and Fannie Mae, it would provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, prime loans, and it would preserve liquidity in the mortgage lending markets.

Detailed Summary

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Status of the Legislation

Latest Major Action: 9/10/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Points in Favor

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Points Against

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