{"database": "openregs", "table": "legislation", "is_view": false, "human_description_en": "where bill_type = \"s\", congress = 113 and policy_area = \"Housing and Community Development\" sorted by introduced_date descending", "rows": [["113-s-2960", 113, "s", 2960, "A bill to provide for rental assistance for homeless or at-risk Indian veterans.", "Housing and Community Development", "2014-11-20", "2014-11-20", "Read twice and referred to the Committee on Indian Affairs.", "Senate", "Sen. Tester, Jon [D-MT]", "MT", "D", "T000464", 4, "Amends the United States Housing Act of 1937 to authorize the Secretary of Housing and Urban Development (HUD) to carry out a rental assistance and supportive housing program, in conjunction with the Secretary of Veterans Affairs (VA), for the benefit of Indian veterans who are homeless or at-risk of homelessness and who are residing on or near Indian areas. Requires rental assistance under such program to be: (1) made available to recipients eligible for housing assistance block grants under the Native American Housing Assistance and Self-Determination Act of 1996; and (2) awarded based on need, administrative capacity, and any other funding criteria established by the HUD Secretary in a notice published in the Federal Register after consulting with the VA Secretary.", "2023-01-11T13:25:18Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2960"], ["113-s-2854", 113, "s", 2854, "Preserving American Homeownership Act of 2014", "Housing and Community Development", "2014-09-18", "2014-09-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 3, "Preserving American Homeownership Act of 2014 - Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage the use of shared equity mortgage modifications designed to return greater net present value to investors than other loss-mitigation activities, including foreclosure. Requires a shared equity mortgage modification to:  reduce by specified action the loan-to-value ratio of a covered mortgage to 100% or less within 3 years; reduce the interest rate if such a reduction of principal would not result in an affordable reduced monthly payment; reduce to a specified amount any periodic payment the homeowner is required to make; require the homeowner to pay the investor, upon refinancing or selling the real property securing a covered mortgage, up to 50% of the amount of the equity value of the real property, subject to certain conditions;  be designed to deliver maximal net present value to the investor; and be based on specified factors.", "2023-01-11T13:25:26Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2854"], ["113-s-2889", 113, "s", 2889, "Universal Home Design Act of 2014", "Housing and Community Development", "2014-09-18", "2014-09-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5793-5794)", "Senate", "Sen. Harkin, Tom [D-IA]", "IA", "D", "H000206", 0, "Universal Home Design Act of 2014 - Requires the Architectural and Transportation Barriers Compliance Board (Access Board) to develop guidelines setting forth the minimum technical criteria and scoping requirements for certain federally assisted single family houses, townhouses, and other specified kinds of dwelling to comply with universal home design. Requires universal home design to include architectural and other landscaping features that allow basic access to and within a residential dwelling by an individual with a disability who cannot climb stairs, including an individual who uses a mobility device such as a wheelchair. Requires each applicant for such federal financial assistance to submit compliance assurances to the relevant federal agency. Permits: (1) private civil actions in a U.S. district court for violations of this Act, and (2) the Attorney General to commence civil actions or intervene in civil actions under it. Directs the Secretary of Housing and Urban Development (HUD) to establish an Office of Accessible Housing and Development to: (1) disseminate information to the public about the importance of universal home design, including through a website; (2) survey and report to the Secretary on the availability of affordable and accessible housing; and (3) promote universal home design.", "2023-01-11T13:25:25Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2889"], ["113-s-2893", 113, "s", 2893, "Workforce Residential Housing Act of 2014", "Housing and Community Development", "2014-09-18", "2014-09-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Moran, Jerry [R-KS]", "KS", "R", "M000934", 1, "Workforce Residential Housing Act of 2014 - Amends the National Housing Act to except from the prohibition against the use of houses built with federally insured mortgages for transient or hotel housing certain mulifamily housing that is a short-term residential property, provided that the Secretary of Housing and Urban Development (HUD) has determined that the provision of such insurance is appropriate. Defines "short-term residential property" as multifamily housing that:  has more than 50 dwelling units, each of which contains a kitchen and bathroom facilities; provides mailboxes for each unit; rents the units for a minimum stay of seven days; and does not provide food or beverage services, daily maid services, furnishing and laundering of linen without charge, or bellhop services.  Directs the Secretary to: (1) evaluate the risk of providing mortgage insurance for short-term residential properties, and (2) report to Congress on whether any additional risk to the General Insurance Fund resulting from the provision of mortgage insurance for such properties is appropriate.", "2023-01-11T13:25:25Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2893"], ["113-s-2900", 113, "s", 2900, "Livable Communities Act of 2014", "Housing and Community Development", "2014-09-18", "2014-09-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 11, "Livable Communities Act of 2014 - Establishes in the Department of Housing and Urban Development (HUD) an Office of Sustainable Housing and Communities (OSHC) to review and coordinate federal policies that:  encourage locally directed comprehensive and integrated planning and development at the state, regional, and local levels, and coordinated public investments through development of comprehensive regional plans; and  provide long-term affordable, accessible, energy-efficient, healthy and location-efficient housing choices for all people, particularly low-income families.   Requires the OSHC Director to establish a program to make comprehensive planning grants and community challenge grants to units of general local government or Indian tribes to carry out projects meeting specified criteria. Authorizes the Secretary of HUD to make or guarantee (up to 75% of) loans to eligible governmental, corporate, or partnership borrowers for infrastructure development projects used to support transit-oriented development. Requires the Director of the Office of Lead Hazard Control and Healthy Homes to lead the federal initiative to support healthy housing and eradicate housing-related health hazards. Requires the Secretary to study how sustainable building features in housing, such as energy efficiency, affect: (1) the quality of the indoor environment, (2) the prevalence of housing-related health hazards, and (3) the health of the occupants.", "2023-01-11T13:25:24Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2900"], ["113-s-2653", 113, "s", 2653, "Homeless Children and Youth Act of 2014", "Housing and Community Development", "2014-07-24", "2014-07-24", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4905-4906)", "Senate", "Sen. Feinstein, Dianne [D-CA]", "CA", "D", "F000062", 3, "Homeless Children and Youth Act of 2014 - Amends the McKinney-Vento Homeless Assistance Act to redefine \"homeless,\" \"homeless individual,\" or \"homeless person.\"  Modifies requirements relating to an individual or family who will imminently lose their housing, including housing they own, rent, or live in without paying rent.  Revises criteria for unaccompanied youth and homeless families with children and youth defined as homeless under other federal statutes to require that they:   are certified as homeless by the director or designee of a program funded under any other federal statute; or have been certified by a director of a program funded under this Act or a director of a public housing agency (PHA) as lacking a fixed, regular, and adequate nighttime residence, which shall include: (1) temporarily sharing the housing of another person due to loss of housing, economic hardship, or other similar reason; or (2) living in a room in a motel or hotel.    Requires the information provided to the Secretary of Housing and Urban Development (HUD) from a collaborative applicant about project sponsors in a community-wide homeless management information system (HMIS) to be made publicly available on HUD's website in aggregate, non-personally identifying reports, and updated at least annually. Prohibits the Secretary, in awarding grants for continuum of care programs, from considering or prioritizing the specific homeless populations intended to be served by the applicant if the applicant demonstrates that the project: (1) would meet the priorities identified in the applicant's plan, and (2) is cost-effective in meeting the overall goals and objectives identified in that plan. Repeals certain requirements regarding collaborative applicants. Modifies requirements for selection criteria for the award of grants through a national competition between geographic areas. Requires annual reports to Congress on housing assistance for the homeless to include data: (1) required to be made publicly available in the HMIS report, and (2) on programs funded under other specified federal statutes.", "2023-01-11T13:25:46Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2653"], ["113-s-2101", 113, "s", 2101, "A bill to amend the Interstate Land Sales Full Disclosure Act to clarify how the Act applies to condominiums.", "Housing and Community Development", "2014-03-10", "2014-03-10", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Schumer, Charles E. [D-NY]", "NY", "D", "S000148", 2, "Amends the Interstate Land Sales Full Disclosure Act to exempt from certain registration and disclosure requirements the sale or lease of a condominium unit not already exempt from coverage under such Act.", "2023-01-11T13:26:46Z", "https://www.congress.gov/bill/113th-congress/senate-bill/2101"], ["113-s-1828", 113, "s", 1828, "Preserving Access to Manufactured Housing Act of 2013", "Housing and Community Development", "2013-12-16", "2013-12-16", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Donnelly, Joe [D-IN]", "IN", "D", "D000607", 16, "Preserving Access to Manufactured Housing Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to revise the exclusion from the meaning of \"mortgage originator\" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs). Excludes from the meaning of \"mortgage originator,\" instead, any retailer of manufactured or modular homes or its employees unless the retailer or its employees receive compensation or gain for engaging in certain activities in excess of any compensation or gain received in a comparable cash transaction. Amends the Truth in Lending Act to revise the definition of \"high cost mortgage.\"", "2023-01-11T13:23:33Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1828"], ["113-s-1761", 113, "s", 1761, "Permanently Protecting Tenants at Foreclosure Act of 2013", "Housing and Community Development", "2013-11-21", "2013-11-21", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Blumenthal, Richard [D-CT]", "CT", "D", "B001277", 7, "Permanently Protecting Tenants at Foreclosure Act of 2013 - Amends the Protecting Tenants at Foreclosure Act of 2009 to repeal its sunset date December 31, 2012 (thus making the Act permanent).  Establishes a private right of action to enforce compliance with such Act.", "2023-01-11T13:23:42Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1761"], ["113-s-1707", 113, "s", 1707, "Vulnerable Veterans Housing Reform Act", "Housing and Community Development", "2013-11-14", "2013-11-14", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Heller, Dean [R-NV]", "NV", "R", "H001041", 2, "Vulnerable Veterans Housing Reform Act - Amends the United States Housing Act of 1937 to exclude as family income for Department of Housing and Urban Development (HUD) housing assistance purposes any Department of Veterans Affairs (VA) payments made to veterans in need of regular aid and attendance for expenses related to such aid and attendance. Prohibits, in determining the monthly rental assistance payment for low-income families, the amount for tenant-paid utilities from exceeding the appropriate utility allowance for that family unit size as determined by the public housing agency (PHA), regardless of the size of the unit leased by the family. Requires the PHA, upon request by a family that includes a person with disabilities, an elderly family, or a family that includes a person less than 18 years old, to approve a higher utility allowance, except that in the case of a family with a disabled person the PHA shall approve the higher amount only when needed as a reasonable accommodation to make the unit accessible to and usable by that person. Directs the HUD Secretary to regularly publish data regarding local utility consumption and costs in order to establish appropriate allowances for tenant-paid utilities for assisted families.", "2023-01-11T13:23:43Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1707"], ["113-s-1646", 113, "s", 1646, "A bill to amend subtitle IV of title 40, United States Code, regarding county additions to the Appalachian region.", "Housing and Community Development", "2013-11-05", "2013-11-05", "Read twice and referred to the Committee on Environment and Public Works.", "Senate", "Sen. Alexander, Lamar [R-TN]", "TN", "R", "A000360", 1, "Adds the Tennessee counties of Hickman, Perry, and Wayne to the definition of "Appalachian region" for purposes of Appalachian regional development efforts.", "2023-01-11T13:23:45Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1646"], ["113-s-1577", 113, "s", 1577, "Mortgage Choice Act of 2013", "Housing and Community Development", "2013-10-28", "2014-09-16", "Committee on Banking, Housing, and Urban Affairs. Hearings held.", "Senate", "Sen. Manchin, Joe, III [D-WV]", "WV", "D", "M001183", 8, "Mortgage Choice Act of 2013 - Amends the Truth in Lending Act with respect to requirements for disclosure to a consumer of points and fees information about a consumer credit transaction, secured by the consumer's principal dwelling, but which is not a residential mortgage transaction, a reverse mortgage transaction, or a transaction under an open end credit plan, when the total points and fees the consumer must pay at or before closing will exceed 8% percent of the total loan amount or $400, whichever is greater. (Such consumer credit transactions might include an equity credit line to which consumer purchases or leases may be charged.) Excludes from the computation of such points and fees any escrow for future payment of insurance. Modifies the criteria for exclusion from the computation of points and fees of certain reasonable charges elsewhere exempted from the computation of the finance charge in extensions of credit secured by an interest in real property. Excludes from points and fees any such reasonable charges even though a creditor receives compensation, but only in so far as the creditor or its affiliate retains the compensation as a result of their participation in an affiliated business arrangement.  (An \"affiliated business arrangement\" is one in which: (1) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1% in a provider of settlement services; and (2) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the provider's selection.) Revises the additional requirement that such a reasonable charge be paid to a third party unaffiliated with the creditor. Requires the charge to be: (1) a bona fide third party charge not retained by the mortgage originator, creditor, or an affiliate; or (2) a fee or premium for title examination, title insurance, or similar purposes.  Modifies the conditions under which federal departments and agencies may exempt refinancings under a streamlined refinancing from an income verification requirement that, at the time a refinancing is consummated, the consumer has a reasonable ability to repay the loan and all applicable taxes, insurance, and assessments. Repeals the exception for bona fide third party charges not retained by the mortgage originator, creditor, or an affiliate from the requirement that total points and fees not exceed 3% of the total new loan amount. (Thus subjects such charges to the same 3% ceiling.)", "2023-01-11T13:23:53Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1577"], ["113-s-1373", 113, "s", 1373, "Rebuilding American Homeownership Act of 2013", "Housing and Community Development", "2013-07-25", "2013-07-25", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Merkley, Jeff [D-OR]", "OR", "D", "M001176", 0, "Rebuilding American Homeownership Act of 2013 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (Government sponsored enterprises or GSEs) to establish a program to provide for the refinancing of eligible mortgages. Authorizes a GSE to purchase, guarantee, service, sell, lend on the security of, refinance, or otherwise deal in eligible mortgages in carrying out such program. Defines eligible mortgage as an existing first mortgage: (1) made for purchase of, or refinancing of another first mortgage, on a 1- to 4-family owner-occupied dwelling; (2) with a current loan-to-value ratio between 80% and 140%; (3) originated on or before May 31, 2009; and (4) not owned or guaranteed by a GSE. Requires the mortgagor to be a current borrower. Excludes from eligibility any mortgage insured or guaranteed by any program of the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), the Government National Mortgage Association (Ginnie Mae), the Department of Agriculture (USDA), or the Department of Veterans Affairs (VA). Requires that an eligible mortgage with existing credit coverage, in order to participate in the refinancing program, must continue to maintain or otherwise transfer such coverage to the new mortgage. Sets the maximum term of the new mortgage at 30 years, and the maximum original principal obligation at the legal limit for conventional mortgages a GSE may purchase or guarantee. Requires each GSE to charge a fee for any guarantee of the new mortgage.", "2023-01-11T13:24:22Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1373"], ["113-s-1375", 113, "s", 1375, "Rebuilding Equity Act of 2013", "Housing and Community Development", "2013-07-25", "2013-07-25", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Merkley, Jeff [D-OR]", "OR", "D", "M001176", 0, "Rebuilding Equity Act of 2013 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) to each establish a voluntary program for eligible borrowers under which the GSE shall pay $1,000 toward the closing costs associated with applying for and receiving the refinancing when the borrower agrees to refinance into a fully amoritizing loan with a term not longer than 20 years. Prohibits the amount of the closing costs that each GSE pays under the program during the 12 months following enactment of this Act from varying based on the term of the mortgage that the borrower agrees to refinance into.  Requires the Director of the Federal Housing Finance Agency, for each of the next two 12-month periods, to: (1) adjust the amount of the portion of the closing costs that each GSE will pay in accordance with specified requirements. Makes eligible for the program borrowers: (1) who qualify for the Home Affordable Refinance Program carried out by the GSEs, (2) whose subject property has a loan-to-value ratio of at least 105%, and (3) who refinances from a loan with an original 30-year term to a loan with a term of 20 years or less.", "2023-01-11T13:24:22Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1375"], ["113-s-1376", 113, "s", 1376, "FHA Solvency Act of 2013", "Housing and Community Development", "2013-07-25", "2013-12-19", "Placed on Senate Legislative Calendar under General Orders. Calendar No. 275.", "Senate", "Sen. Johnson, Tim [D-SD]", "SD", "D", "J000177", 1, "FHA Solvency Act of 2013 - (Sec. 2) Amends the National Housing Act with respect to mortgage insurance. Requires the Secretary of Housing and Urban Development (Secretary) (HUD) (who currently is merely authorized) to establish and collect annual premium payments in an amount between 0.55% and 2.0% (currently, not exceeding 1.5%) of the remaining insured principal balance. Directs the Secretary to review annually the amount of the annual and up-front premiums collected and the expected losses to the Mutual Mortgage Insurance (MMI) Fund. (Sec. 3) Prohibits the Secretary from insuring, or entering into a commitment to insure, a mortgage executed by a mortgagor who is the mortgagor under any two mortgages on one- to four-family residential properties that have previously been foreclosed upon. Sec. 4) Authorizes the Secretary to require a mortgagee to indemnify HUD for the loss if a mortgage executed by an approved or insured mortgagee contains such a material defect that the mortgage should not have been approved or endorsed for insurance, and a loan becomes delinquent within 36 months of such approval or endorsement leading to a default, or the Secretary pays a claim within 36 months after such approval or endorsement, regardless of whether the violation caused the mortgage default. Requires the Secretary to deposit any indemnified amounts collected in the MMI Fund . Directs the Secretary, if fraud or misrepresentation was involved in connection with the origination, to require the mortgagee approved under the direct endorsement program or the mortgagee delegated authority to indemnify the Secretary for the loss regardless of when an insurance claim is paid. Excepts a mortgagee from mandatory indemnification, however, if: (1) the fraud or misrepresentation was committed not by the mortgagee but by a third party; and (2) the mortgagee had implemented adequate quality control and review procedures to deter, detect, and identify such fraud or misrepresentation. Requires the Secretary to issue regulations establishing: (1) appropriate requirements and procedures governing indemnification by mortgagees, including public reporting; and (2) an appeals process to appeal any determination of indemnification made by the Secretary. (Sec. 5) Changes the mandatory annual review of the rate of early defaults and claims for insured single family mortgages originated or underwritten by each mortgagee to a mandatory annual review of the mortgagees originating or underwriting insured single family mortgages.  Expands the bases the Secretary uses to compare mortgage performance and authorizes the Secretary to terminate a mortgage's approval on a national basis instead of (as at present) only in a specific geographical area. (Sec 6) Authorizes the Secretary to issue rules requiring an underperforming servicer to contract with an independent specialty subservicer for a single mortgage or any pool of mortgages.  Limits this rule to: (1) mortgages insured under the National Housing Act that were originated on or after the enactment of this Act, and (2) servicers whose performance condition materially and adversely affects the Secretary's ability to recover any amounts owed to the Secretary. (Sec. 7) Requires the Secretary to issue a single, uniform resource guide to inform lenders and servicers of the policies, processes, and procedures applicable to insured mortgages. Directs the Secretary to: (1) evaluate and revise as necessary the underwriting standards for mortgages eligible to be insured, and (2) ensure that the MMI Fund attains a capital ratio of at least 3% (currently 2%) within 10 years after the enactment of this Act and maintains it at all times thereafter. Authorizes appropriations. (Sec. 8) Directs the Secretary evaluate and revise as necessary, by mortgagee letter or rule, the underwriting standards for mortgages eligible for insurance, which shall: (1) be based on empirically derived, demonstrably and statistically sound models; and (2) include criteria whose evaluation has historically resulted in comparatively low rates of delinquency and default during adverse economic conditions. (Sec. 9) Directs the Secretary to ensure that the MMI Fund: (1) attains a capital ratio of at least 3.0% within 10 years after enactment of this Act the FHA Solvency Act of 2013, and (2) maintains at least such capital ratio at all times thereafter. Requires the MMI Fund to be designated as: (1) undercapitalized if the capital reserve ratio falls below 100% but not less than 50%, (2) significantly undercapitalized if it falls below 50% but not less than 0%, and (3) critically undercapitalized if it falls below 0%.  Directs the Secretary to report to Congress updates on the results of the annual independent actuarial study of the MMI Fund required to: (1) reflect the most recently available information; and (2) analyze the Fund's financial position if it is designated as undercapitalized, significantly undercapitalized, or critically undercapitalized until it achieves the capital ratio required to be maintained. Specifies mandatory corrective actions, including imposition of premium surcharges according to a certain schedule, when the MMI Fund is undercapitalized, significantly undercapitalized, or critically undercapitalized. (Sec. 10) Requires the Secretary's annual report to Congress on the independent actuarial study of the MMI Fund to include an alternative stress test scenario based on relative assumptions used in the annual Comprehensive Capital Analysis and Review stress tests performed by the Board of Governors of the Federal Reserve System. Requires the Secretary to develop the alternative stress test of the MMI Fund. (Sec. 11) Directs the Secretary of the Treasury to provide written notice to Congress within 48 hours of exercising any authority under the Federal Credit Reform Act of 1990 to fund reestimates of the MMI Fund, or of certain other HUD or FHA accounts. Directs the Secretary to: (1) provide written notice to Congress within 48 hours of receiving funds pursuant to such authority to cover a downward estimate, and (2) include in any mandatory report to Congress the dollar figure of any amounts owed by HUD to the Treasury as a result of the exercise of such authority.  Requires such notices to be made available to the public and posted on HUD and Treasury websites. (Sec. 12) Amends the Department of Housing and Urban Development Act to establish, within FHA, a Deputy Assistant Secretary and Chief Risk Officer, appointed by the Secretary and responsible to the Federal Housing Commissioner for all matters relating to managing and mitigating risk to HUD mortgage insurance funds and ensuring the performance of HUD-insured mortgages.  Requires such official to report annually to Congress on underwriting standards for HUD-insured mortgages, including the lowest performing loans. (Sec. 13) Amends the National Housing Act to require the Secretary to require the independent actuary to disclose any events or circumstances that occur after the annual actuarial study is completed but before it is submitted to Congress, if such changes are sufficiently significant that a reasonable person would expect them to alter substantially the actuary's forecasts of the economic value of the Fund or any projections relating to the Fund's capital reserve ratio. Requires the Secretary to inform Congress of any such disclosures. (Sec. 14) Requires the Comptroller General (GAO) to study any relevant FHA information disclosed by the Secretary in conjunction with the release of the annual actuarial report. (Sec. 15) Amends the National Housing Act with respect to the eligibility requirements for insurance for home equity conversion mortgages (HECMs) (reverse mortgages) for elderly homeowners. Requires a mortgage to contain terms and provisions relating to property maintenance, the establishment of escrow accounts or set-asides, the limiting of amounts of any payment made available under the mortgage, and the performance of financial assessments. Amends the Reverse Mortgage Stabilization Act of 2013 to authorize the Secretary to establish by notice or mortgage letter requirements pertaining to escrow accounts or set-asides, financial assessments, or mortgage payment limits. Directs the Secretary to require the establishment of an escrow account or set-aside in any instance where, after a financial assessment of the mortgagor has been completed, such an account or set-aside would mitigate the risk of loss to the mortgagee, the mortgagor, the program, or the MMI Fund. Terminates the Secretary's authority to change an HECM by mortgage letter 24 months after the enactment of this Act. Directs the Secretary to issue a notice of proposed rulemaking within 90 days after issuing a notice or mortgagee letter which addresses the same additional or alternative requirements that are the subject of the notice or mortgagee letter. Requires the Secretary then within 24 months after issuing such a notice to: (1) issue a final rule addressing those same additional or alternative requirements, or (2) withdraw the notice or mortgagee letter. Directs the Secretary to issue a notice of proposed rulemaking that: (1) eliminates the use, issuance, or establishment of any standard fixed-rate full draw product offered under the HECM program; and (2) requires any other fixed-rate draw product offered under the HECM program not subject to such elimination to be based on a financial assessment of the mortgagor. Directs the Secretary, on a quarterly basis, to report to the Congress on the status and financial condition of each distinct product offered under the HECM program. Requires the Secretary, if any individual product has a default rate measurably higher than the default rates occurring in any other product or is experiencing losses measurably higher than losses incurred in any other product, to study the product further and include in the next quarterly report: (1) information identifying and enumerating the causes of such higher default rates and the severity of losses, and (2) a detailed description of the actions to be taken to correct such inefficiencies. (Sec. 16) Revises requirements for insuring an HECM that will be used to purchase a 1- to 4-family dwelling unit, one unit of which the mortgagor will occupy as a primary residence. Prohibits a fixed rate HECM in this circumstance from involving a principal limit with a principal limit factor exceeding .61.  (Sec. 17) Directs the Secretary within 90 days after enactment of this Act to issue the final rule to implement a specified proposed rule entitled "Federal Housing Administration (FHA) Risk Management Initiatives: Revised Seller Concessions." Requires the Secretary to ensure that the final rule: (1) limits seller contributions towards purchase-related expenses of a borrower without reducing the maximum insured amount of an insured mortgage; and (2) defines the acceptable types of expenses that a seller or interested third party, or both, may contribute, such as closing costs, prepaid expenses, discount points, up-front mortgage insurance premiums, and interest rate buydowns. (Sec. 18) Directs the Comptroller General to conduct a one-time study to determine the appropriate dollar amount limitation on the maximum original principal obligation of a mortgage that may be insured under the National Housing Act", "2023-01-11T13:23:29Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1376"], ["113-s-1217", 113, "s", 1217, "Housing Finance Reform and Taxpayer Protection Act of 2014", "Housing and Community Development", "2013-06-25", "2014-12-09", "Committee on Banking, Housing, and Urban Affairs. Hearings held.", "Senate", "Sen. Corker, Bob [R-TN]", "TN", "R", "C001071", 11, "Housing Finance Reform and Taxpayer Protection Act of 2014 - Title I: Elimination of Fannie Mae and Freddie Mac - (Sec. 101) Directs the Federal Mortgage Insurance Corporation (FMIC ) established under title II of this Act to take all steps necessary to dissolve and eliminate the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Revokes the charters for Fannie Mae and Freddie Mac (government sponsored enterprises [GSEs]). Title II: Federal Mortgage Insurance Corporation - (Sec. 201) Establishes the FMIC as an independent agency and instrumentality of the federal government to:  facilitate a liquid, transparent, and resilient single-family and multifamily mortgage credit market by supporting a robust secondary mortgage market; provide insurance on any mortgage-backed security that satisfies requirements to become a covered security; monitor and supervise approved entities; supervise regulated entities; ensure continued, widespread availability of an affordable, long-term, fixed rate, prepayable mortgage, such as a 30-year fixed rate mortgage; and preserve and maintain a liquid forward execution market for eligible single-family mortgage loans and single-family covered securities, such as the To-Be-Announced market.  Gives the FMIC general regulatory authority over each regulated entity (Fannie Mae and affiliates, Freddie Mac and affiliates, any Federal Home Loan Bank, and the Securitization Platform established under title III subtitle C part I) and the Office of Finance in the Federal Home Loan Bank System. Prohibits the FMIC from engaging in mortgage loan origination.  (Sec. 202) Vests the management of the FMIC in a Board of Directors consisting of five members be appointed by the President by and with the advice and consent of the Senate.  (Sec. 203) Directs the FMIC to establish an Advisory Committee to advise the Office of Consumer and Market Access and the Board of Directors on developments in the primary and secondary mortgage markets that have material effects on the ongoing mission of the FMIC. (Sec. 204) Establishes the Office of Inspector General in the FMIC, headed by an Inspector General appointed by the President by and with the advice and consent of the Senate. (Sec. 207) Directs the FMIC to establish an Office of Underwriting, an Office of Securitization, and an Office of Federal Home Loan Bank Supervision. Transfers to the Office of Federal Home Loan Bank Supervision, six months after enactment of this Act, all functions of the Federal Housing Finance Agency (FHFA) relating to: (1) the supervision of the Federal Home Loan Banks and the Federal Home Loan Bank System, and (2) all related FHFA rulemaking authority.  (Sec. 208) Directs the FMIC to establish an Office of Consumer and Market Access to:  administer the Market Access Fund; monitor the national, regional, and area single-family and multifamily housing finance markets to identify underserved markets, communities, and consumers in accordance with market segments; inform market participants of business practices and technical assistance regarding the housing needs of consumers in underserved communities; and study incentives to encourage mortgage lenders and mortgage originators to address the housing needs of underserved markets and communities.  (Sec. 209) Directs the FMIC to establish an Office of Multifamily Housing to develop, adopt, and publish specific criteria to ensure that eligible multifamily mortgage loans that collateralize multifamily covered securities insured under this Act comply with its requirements. (Sec. 210) Directs the FMIC to seek to support the primary mortgage market for eligible mortgage loans on an equitable, nondiscriminatory, and non-exclusionary basis to help ensure that all eligible borrowers have access to mortgage credit. Requires the FMIC, by regulation, to identify and define up to eight segments of the primary mortgage market in which lenders and eligible borrowers lack equitable access to the housing finance system facilitated by the FMIC. Prohibits the FMIC from interfering with the exercise of business judgment of an approved aggregator or approved guarantor in determining which specific mortgage loans to include in a covered guarantee transaction or market-based risk-sharing transaction. (Sec. 211) Directs the FMIC to establish an Office of Taxpayer Protection to study and report to Congress: (1) semi-annually on market concentration in the secondary mortgage markets; and (2) annually on taxpayer protection, system-wide leverage in the secondary mortgage market, and early payment defaults. Title III: Duties and Responsibilities of the FMIC - Subtitle A: Duties and Authorities - (Sec. 301) Lists the principal duties of the FMIC.  (Sec. 302) Directs the FMIC to develop, adopt, and publish, after notice and comment, standards for the consideration and approval of credit risk-sharing mechanisms that require that the first position of private market holders on single-family covered securities is: (1) adequate to cover losses that might be incurred in a period of economic stress; and (2) not less than 10% of the principal or face value of the single-family covered at the time of issuance. Makes it unlawful for any person intentionally to create and issue any instrument or security as a first loss position on a single-family covered security knowing, or in a position to have known, that it does not satisfy the requirements of this Act. Authorizes the FMIC to:  review approved credit risk-sharing mechanisms to determine whether they continue to satisfy the considerations for approval, assess the functioning of the forward market for eligible single-family mortgage loans and single-family covered securities, suspend approval of any credit risk-sharing mechanism that does not satisfy the considerations for approval or has adversely affected the liquidity or resiliency of the forward market, develop an expedited process for reinstating the approval of any suspended credit risk-sharing mechanism; consider for approval additional fully-funded risk sharing mechanisms; and establish collateral diversification standards.  Exempts from the Commodity Exchange Act certain credit risk-sharing mechanisms designed or used by a private market holder to assume losses and reduce the specific risks arising from losses realized under the mechanism associated with any insured single-family covered security. Requires the FMIC, before approving any such mechanism, to consult first with the Commodity Futures Trading Commission (CFTC). Exempts FMIC-approved credit risk-sharing mechanisms from the Securities Act of 1933 with respect to conflicts of interest relating to certain securitizations. Requires the FMIC, before approving any such mechanism, to consult first with the Securities and Exchange Commission (SEC). (Sec. 303) Directs the FMIC to insure, for a fee, the payment of principal and interest on a covered security in the event of any failure to pay on the security. Specifies requirements for the terms and conditions of insurance for single- and multi-family covered securities. Requires the FMIC to facilitate the timely and unconditional payment of principal and interest on insured covered securities by paying, in cash when due, any shortfalls in principal and interest due on the covered security. Requires the FMIC to recover the amount paid, and reasonable costs and expenses, from the servicer or guarantor. Establishes the Mortgage Insurance Fund (MI Fund) for the deposit of fees, amounts earned on investments, and specified assessment amounts. Sets forth requirements for the use and treatment of amounts in the MI Fund, including compensation of FMIC employees, establishment of the new Securitization Platform, and funding of the common securitization platform already developed by the GSEs for the FHFA, as well as reserve ratio goals. Requires the FMIC Inspector General to review any FMIC decision to insure any covered security whose payment of principal or interest, or both, the MI Fund is required to make with respect to losses incurred. Requires public disclosure of such losses. (Sec. 304) Directs the FMIC to establish limitations governing the maximum original principal obligation of eligible single-family mortgage loans that may collateralize a covered security it will insure. Specifies formulae for determining maximum loan limitation amounts for mortgage loans secured by a 1-, 2-, 3-, and 4-family residence.  Directs the FMIC to establish a method of assessing a national average single-family house price for use in calculating the loan limits for eligible single-family mortgages and other appropriate averages. (Sec. 305) Authorizes the FMIC for a six-month period, when unusual and exigent circumstances have created or threaten to create an anomalous lack of credit availability within the single-family, multifamily, or entire U.S housing market that could materially and severely disrupt the functioning of the U.S. housing finance system, to: (1) provide insurance to any single-family covered security regardless of whether that security has satisfied standards for credit risk-sharing mechanisms, and (2) establish provisional standards for approved entities. Prohibits the FMIC from: (1) bailing out any approved entity (or affiliate) in bankruptcy or any other federal or state insolvency proceeding, or (2) assisting a single and specific company to avoid bankruptcy or any federal or state insolvency proceeding. Directs the FMIC to establish a timeline for approved entities to meet approval standards, and:  establish a program to either sell the first loss position on covered securities to private market holders; or transfer for value to approved entities, or work with them to sell, the first lost position on covered securities that have been issued.  Gives the FMIC the authority to respond to a sustained national home price decline. (Sec. 306) Sets forth general powers of the FMIC. (Sec. 307) Deems all securities insured or guaranteed by the FMIC to be exempt from regulation by the Securities and Exchange Commission (SEC). Amends the Securities Act of 1933 and the Securities Act of 1934 to exempt covered securities insured or guaranteed by the FMIC or any institution that is subject to the FMIC supervision from credit risk retention requirements. Amends the Securities Act of 1933 to exempt FMIC-approved credit risk-sharing mechanisms from certain prohibitions against conflicts of interest with respect to any investor in a transaction arising out of the sale of an asset-backed security. Amends the Securities Act of 1934 to exempt such mechanisms from credit risk retention requirements. Excludes from commodity pool coverage by the Commodity Exchange Act counterparties that enter into any swap for structuring an FMIC-approved credit-risk sharing mechanism used (or designed to be used) by a private market holder to assume losses and to reduce specific risks arising from losses realized under the mechanism that are associated with any pool of eligible mortgage loans that collateralize an insured covered security. (Sec. 308) Authorizes the FMIC to consult and share information with, and requires it to coordinate with, specified federal regulatory agencies in carrying out any duty, responsibility, requirement, or action authorized under this Act. (Sec. 309) Directs the FMIC, for each type of covered entity, to establish: (1) capital standards and related solvency standards, (2) supplemental capital requirements for large approved aggregators or large approved guarantors, (3) market share limitations for the latter entities that would take effect only in the event that the supplemental standards are insufficient to prevent or mitigate risks to the secondary mortgage market, and (4) standards for the purchase of force-placed insurance by market participants. Prescribes requirements for the use and protection of personally identifiable information.  Authorizes the FMIC to establish a process and criteria for approved guarantors and approved aggregators to apply for approval to operate a cash window for the purchase of individual eligible single-family mortgage loans. (Sec. 310) Requires the FMIC, in order to protect the MI Fund and promote multiple sources of first loss positions, to seek to ensure equivalent loss absorption capacity between approved credit risk-sharing mechanisms and capital standards for approved guarantors. Subtitle B: Approval and Supervision of Approved Entities for Single-Family Activities - (Sec. 311) Directs the FMIC to develop standards for its approval of guarantors to guarantee the timely payment of principal and interest on FMIC-insured securities collateralized by eligible single-family mortgage loans. Specifies required standards, which include: (1) the financial history and condition of the guarantor, (2) a requirement that the guarantor maintain FMIC-defined capital levels, and (3) the guarantor's management capability. Details the application and FMIC approval process for mortgage guarantors meeting such standards. Requires an approved guarantor to maintain its approved status or have it suspended or revoked.  Makes it unlawful for an insured depository institution or affiliate to control an approved guarantor. Directs the FMIC to: (1) maintain an updated list of such approved guarantors on its website; (2) prescribe prudential standards for approved guarantors to ensure their safety and soundness and minimize the risk presented to the MI Fund; and (3) establish capital standards that require an approved guarantor to hold 10% capital and maintain adequate solvency levels. Requires the FMIC to: (1) consider the extent, amount, and form of risk-sharing and risk mitigation through the use by approved guarantors of approved credit-risk sharing mechanisms; and (2) allow such risk-sharing and risk mitigation to fulfill required amounts of capital to ensure an equivalent amount of loss absorption capacity while maintaining an appropriate capital structure. Directs the FMIC to conduct appropriate stress tests of each approved guarantor with total assets of more than $10 billion, Grants the FMIC resolution authority to place insolvent guarantors into receivership.  Requires the FMIC to prescribe regulations to ensure that any amounts owed to the United States, unless it agrees or consents otherwise, shall have priority following the administrative expenses of the receiver when satisfying unsecured claims against an approved guarantor or its receiver. Affords a hearing for applicants denied approval or approved guarantors whose approved status is suspended or revoked. Prohibits an approved guarantor from being an approved aggregator. Authorizes an approved guarantor to provide insurance or other credit enhancement on a pool of eligible single-family mortgage loans collateralizing an insured single-family covered security.  Prohibits an approved guarantor from: (1) originating an eligible single-family mortgage loan; or (2) being an affiliate of a person that actively engages in the business of originating eligible single-family mortgage loans. Prohibits an approved guarantor from withholding, for any reason, payment of funds that would ensure holders of single-family covered securities receive timely payment of principal and interest on single-family covered securities. Directs the FMIC to develop a process for mediation and resolution of disputed payment amounts. (Sec. 312) Directs the FMIC to develop standards for approval of mortgage aggregators to deliver eligible single-family mortgage loans to the Securitization Platform for securitization as a single-family covered security. Specifies required standards, which include: (1) aggregating eligible single-family mortgage loans into pools; and (2) transferring investment risk and credit risk to private market participants. Details an application and FMIC approval process for mortgage aggregators similar to the one for approved guarantors, and similarly requires an approved aggregator to maintain its approved status or have it suspended or revoked.  Declares that the suspension or revocation of an aggregator's approved status shall have no effect on the covered status of any security collateralized by eligible mortgage loans with which the approved aggregator contracted before the suspension or revocation. Directs the FMIC to prescribe requirements for prudential standards for approved mortgage aggregators similar to those for approved guarantors. Gives the FMIC the authority to: (1) require reports from, and examine, an approved aggregator as specified; and (2) enforce the requirements of this Act with respect to an approved aggregator, in the same manner and to the same extent as FDIC has with respect to an insured depository institution, giving the appropriate federal banking agency primary enforcement authority under certain circumstances.. Applies the following requirement to approved aggregators that are neither an insured depository institution nor an affiliate of an insured depository institution. Requires the FMIC to establish standards that require an approved aggregator to: (1) hold capital in an amount comparable to that required for insured depository institutions and their affiliates regarding their applicable aggregating activities, and (2) maintain adequate solvency levels. Sets forth FMIC stress test, hearing, and resolution authority relating to aggregators similar to that applicable to guarantors.  Requires information sharing among the FMIC and federal and state banking agencies regarding an approved aggregator that is an insured depository institution (or affiliate) that:  faces a material threat to its safety and soundness, including insufficient capital; may be in material violation of federal banking law, or may threaten the financial stability of the housing finance system or the MI Fund.  Amends the Federal Home Loan Bank Act to allow one or more Federal Home Loan Banks to establish a subsidiary or joint office in any form under the laws of any state, subject to FMIC approval. Requires any such subsidiary or joint office established to be restricted to engaging in activities related to being an approved aggregator. Allows such Banks, subsidiaries, and joint offices to apply to become approved aggregators. Amends the Federal Home Loan Bank Act to make community development financial institutions under the Riegle Community Development and Regulatory Improvement Act of 1994 eligible to receive long-term secured advances from Federal Home Loan Banks. Declares that any covered security secured by eligible mortgage loans transferred to the Platform by a Federal Home Loan Bank or its subsidiary or joint office, acting as an approved aggregator, shall not be designated as, or considered to be, the joint and several obligations of the Federal Home Loan Banks.  (Sec. 313) Directs the FMIC to develop, adopt, and publish standards for its approval of private mortgage insurers to provide private mortgage loan insurance on eligible single-family mortgage loans that collateralize single-family covered securities. Specifies mandatory standards, including: (1) the financial history and current financial condition of the private mortgage insurer, (2) the risk presented by the private mortgage insurer to the MI Fund, and (3) a requirement that the private mortgage insurer submit audited financial statements to the FMIC. Gives the appropriate state insurance regulator of an approved private mortgage insurer the primary authority to examine and supervise the approved private mortgage insurer. Authorizes the examination or review of any approved private mortgage insurer under certain circumstances, including that an approved mortgage insurer has engaged in a material violation or pattern of violations of this Act or the rules promulgated pursuant to this Act, and provides for a three-year compliance examination of approved private mortgage insurers. Sets forth FMIC examination, enforcement, resolution, and other specified authority similar to that regarding approved aggregators and guarantors.  (Sec. 314) Directs the FMIC to establish standards for its approval of servicers to administer eligible single-family mortgage loans. Specifies mandatory standards, including: (1) the collection and forwarding of principal and interest payments, (2) the maintenance of escrow accounts, and (3) the collection and payment of taxes and bona fide insurance premiums. Directs the FMIC to make exceptions to, or adjustments for, requirements concerning approved servicers that service 7,500 or fewer eligible single-family mortgage loans. Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to direct the Consumer Financial Protection Bureau (CFPB) to make exceptions to, or adjustments for, requirements concerning approved servicers that service 7,500 or fewer eligible single-family mortgage loans. Requires the FMIC to maintain an updated list of approved servicers on its website. Sets forth FMIC examination, enforcement, resolution, and other specified authority similar to that regarding approved aggregators, guarantors, and private mortgage insurers. Authorizes the FMIC to require the approved servicer of any eligible single-family mortgage loan or pool of such loans to enter into a subservicing arrangement with any FMIC-approved independent specialty servicer. Directs the FMIC to develop a process by which private market holders of the first loss position in a single-family covered security may petition for a change in approved servicers.  Directs the FMIC to study servicer compensation related to non-performing single-family mortgage loans and make recommendations to Congress for the optimal structure of servicer compensation.  (Sec. 315) Directs the FMIC to establish: (1) the Small Lender Mutual (SLM), an approved small lender mutual owned by and operated for the benefit of its members; and (2) standards for its approval of other small lender mutuals. Requires the SLM and any other approved smaller lender mutual to: (1) address the needs of small mortgage lenders with respect to covered securities; (2) purchase from its member participants eligible mortgage loans to securitize a covered security; (3) obtain all necessary and appropriate credit enhancements for covered securities to support the lending activities of small mortgage lenders; (4) implement policies and procedures that ensure that the access rules and fees of any small lender mutual are not prohibitive, and do not discriminate against originators of eligible mortgage loans or any entity that aggregates such loans; and (5) manage the risk of the SLM appropriately.  Directs FHFA to: (1) assess the intellectual property, technology, infrastructure and processes of the GSEs relating to the operation and maintenance of the systems needed to ensure small mortgage lender access to the secondary mortgage market, in order to determine the needs of the SLM; and (2) dispose of such GSE intellectual property, technology, infrastructure, and processes. Directs the GSEs to provide the initial capital necessary for the SLM to perform all its activities and functions, including the ability to operate a cash window for the purchase of individual eligible mortgage loans. Requires the SLM to repay the GSEs the amount of any initial capital required to be provided by them within seven (extendable to 10) years after the system certification date. Limits the eligibility to participate as a member in any small lender mutual to specified entities which include community development financial institutions that meet the standards established by the small member mutual and Federal Home Loan Banks. Directs the FMIC to evaluate the criteria for eligibility as a member of the SLM. Requires each small lender mutual to be a member of the Securitization Platform. Requires the board of each small lender mutual to charge and collect fees from its member participants for membership and to cover the purchase of intellectual property, any initial capital for the establishment of a cash window, and the continued operation of the small lender mutual. Authorizes reduced fees if the small lender mutual determines that they are prohibitive or discriminatory. Requires each small lender mutual to have the ability to operate a cash window for the purchase of individual eligible single-family mortgage loans. Requires the FMIC to study: (1) the access needs of small multifamily mortgage lenders to the secondary multifamily mortgage market; and (2) whether the SLM can meet such needs. Prohibits a small lender mutual from guaranteeing any mortgage loans or mortgage-backed securities. (Sec. 316) Directs the FMIC to establish capital classifications regarding the levels of capital maintained by each type of covered entity, including:  well-capitalized, adequately classified, undercapitalized, significantly underclassified, and critically undercapitalized.  Authorizes the FMIC to reclassify the capital classification of a covered entity in certain circumstances. Prohibits covered entities from making capital distributions if, after making one, the entity would be classified as anything other than well capitalized or adequately capitalized. Directs the FMIC to require an adequately capitalized or undercapitalized entity to submit a capital restoration plan and implement it after approval. Prohibits an undercapitalized covered entity from permitting its average total assets during any calendar quarter from exceeding its average total assets during the preceding calendar quarter, unless: (1) the FMIC has accepted its capital restoration plan, (2) any increase in total assets is consistent with the plan, and (3) the entity's ratio of capital to total assets increases during the calendar quarter at a rate sufficient to enable the covered entity to become adequately capitalized within a reasonable time. Prohibits an undercapitalized covered entity from acquiring, directly or indirectly, an interest in any entity or engage in a new activity unless certain conditions are met.  Directs the FMIC to: (1) monitor closely the condition of any undercapitalized covered entity, especially compliance with its capital restoration plan, and review the plan, restrictions, and requirements periodically; and (2) require a significantly undercapitalized covered entity to submit a capital restoration plan and implement it after approval. Gives the FMIC the authority to: (1) resolve a critically undercapitalized regulated entity, and (2) resolve a failing or critically undercapitalized entity.  (Sec. 317) Makes it unlawful, except with prior FMIC approval, for any person to:  directly or indirectly own, control. or have the power to vote 10% of any class of voting shares of any covered entity (except as federal law requires the purchase of voting stock as a condition to participate in the entity's programs); control in any manner the election of a majority of the directors or trustees of any covered entity; exercise a controlling influence over the management or policies of any covered entity; merge or consolidate with any covered entity; or divest a covered entity, or any substantial line of business of a covered entity, into any surviving entity.  Directs the FMIC to establish, according to specified standards and requirements, an application for approval of such acquisitions, mergers, consolidations, or divestitures. Prohibits an approved guarantor or approved multifamily guarantor from engaging in any activity relating to the business of insurance that has not been approved by the FMIC. Allows approved guarantors, however, to engage in any business activity unrelated to the business of insurance, subject to prior FMIC approval.  Prohibits an approved guarantor or approved multifamily guarantor from entering into any arrangement with an affiliate or other person to support, guarantee, or finance any operation or activity of that affiliate. Allows a guarantor, however, to enter into any arrangement with an affiliate or other person solely to support, guarantee, or finance any operation or activity of the guarantor. Directs the FMIC to prohibit discounts made by an approved guarantor for any mortgage originator that is an investor (or affiliate of an investor) in the approved guarantor that are not otherwise available to other similar originators Subtitle C: Securitization Platform and Transparency in Market Operations - Part I: Securitization Platform - (Sec. 321) Directs the FMIC to establish the Securitization Platform as a utility owned by and operated for the benefit of its members as: (1) a nonprofit cooperative, or (2) a for-profit cooperative entity that best achieves the purposes and obligations of the Platform and serves the public interest. Directs the FMIC to regulate and supervise the Platform. Declares that the Platform shall not be an agency or instrumentality of the federal government. (Sec. 322) Vests management of the Platform in a Board of Directors, elected by Platform members upon the expiration of the term of the appointed initial Platform Directors. (Sec. 323) Prescribes application and approval requirements for persons seeking to become a member in the Platform. Authorizes Platform Directors to approve for Platform membership mortgage aggregators, mortgage guarantors, mortgage originators, Federal Home Loan Banks (or subsidiaries or joint offices), small lender mutuals, and other market participants necessary or helpful to fulfilling Platform purposes. (Sec. 324) Authorizes the Platform Directors to assess and collect membership and Platform usage fees from members. Directs Platform Directors to submit to the FMIC any fee structure proposal for initial or usage fees. (Sec. 325) Declares that the purposes of the Platform are to:  purchase and receive from its members eligible mortgage loans or securities collateralized by eligible mortgage loans for securitization by issuers as covered securities; issue to its members standardized or other covered securities; purchase and receive from its members noneligible mortgage loans or securities not collateralized by eligible mortgage loans for securitization as noncovered securities; and issue to its members standardized noncovered securities, or other noncovered securities, that are not insured by the FMIC.  Specifies related powers and functions of the Platform. Prohibits the Platform from guaranteeing mortgage loans or mortgage-backed securities or conducting certain other related activities. (Sec. 326) Directs the Platform Director to develop standard uniform securitization agreements, including specified terms, for all covered securities issued through the Platform.  Requires all contracts for noncovered securities issued through the Platform to include a specified set of required contractual terms relating to the obligations of the parties to each contract. (Sec. 327) Directs the FMIC to develop, adopt, and publish standards for the use of collateral risk managers who may work with the Platform, as well as trustees and servicers of mortgage-backed securities to manage mortgage loan collateral. Part II: Transparency in Market Operations - (Sec. 331) Directs the FMIC to require market participants to:  make available to private market investors in connection with the first loss position on a covered security all documents relating to eligible mortgage loans collateralizing that covered security and servicing reports of the approved servicer relating to such eligible mortgage loans; and disclose to investors information substantially similar to disclosures required of issuers of asset-backed securities until the covered security is fully paid, other than information that the FMIC determines is not applicable to a covered security, a particular type of covered security, or eligible mortgage loans collateralizing a covered security.  Directs the FMIC also to: (1) require that all disclosures be made consistent with the antifraud requirements of the federal securities laws; and (4) establish the timing, frequency, and manner in which such access and disclosures are made. (Sec. 332) Transfers to the FMIC all functions of FHFA relating to its rights, responsibilities, and obligations pursuant to an Inter-Agency Agreement entered into by it and the CFPB with respect to the development, construction, maintenance, operation, and funding of the National Mortgage Database. (Sec. 333) Directs the FMIC to establish a working group to study: (1) whether the establishment of a national electronic mortgage registry system is necessary; and (2) how to establish, operate, and maintain a national electronic mortgage registry system for single-family mortgage loans and multifamily mortgage loans. Requires the working group to develop recommendations on the necessity for and feasibility of establishing such a system to document custody and registration of security instruments. (Sec 334) States that, with respect to the dwelling of a borrower that serves as security for an eligible mortgage loan, if the borrower enters into any credit transaction that would result in the creation of a new mortgage loan or other credit lien on the dwelling where the loan-to-value ratio of the credit transaction is 80% or more, the creditor must notify the creditor of the senior eligible mortgage loan within 30 days after consummation of the transaction. (Sec. 335) Directs the FMIC to coordinate with the CFPB to ensure that the minimum standards it issues with respect to eligible single-family mortgage loans remain, to the greatest extent possible, substantially similar to rules promulgated by the CFPB under the Truth in Lending Act, provided that any revisions to, or amendments of, such minimum standards issued by the FMIC: (1) conform to all other applicable requirements pertaining to eligible single-family mortgage loans; and (2) do not negatively impact the Fund. Title IV: FHFA and the FMIC Transition - (Sec. 402) Establishes the FHFA as a distinct entity within the FMIC. Transfers all property and functions of the existing FHFA to the FHFA of the FMIC. Amends the Federal Financial Institutions Examination Council Act of 1978 to establish within the Federal Financial Institutions Examination Council a Subcommittee on Mortgage Servicing. (Sec. 403) Transfers to the FMIC the employees of the existing FHFA. Guarantees each employee transferred a position with the same status, grade, and pay as held on the day immediately preceding the transfer. (Sec. 404) Establishes the Federal Mortgage Insurance Corporation Transition Committee to: (1) develop a plan to facilitate an orderly transition to a new housing finance system, and (2) advise the Transition Chairperson or the Board when consulted.  (Sec. 405) Amends the Safety and Soundness Act to direct the FHFA to establish and collect from the GSEs, for transfer to the FMIC, annual assessments for the reasonable costs and expenses of the FMIC. (Sec. 406) Transfers to the FMIC all functions of the FHFA and its Director.  (Sec. 408) Amends the Safety and Soundness Act to repeal mandatory housing goals.  Requires approved entities and the Securitization Platform to comply with federal and state nondiscrimination laws, including the Fair Housing Act and the Equal Credit Opportunity Act. Requires the FMIC to comply with federal and state nondiscrimination laws. Title V: Improving Transparency, Accountability, and Efficacy Within Affordable Housing - (Sec. 501) Directs the FMIC to: (1) charge and collect a fee for each dollar of the outstanding principal balance of all eligible mortgage loans that collateralize covered securities; and (2) allocate or otherwise transfer, on an annual basis, specified percentages of such fee amounts to the Secretary of Housing and Urban Development (HUD) to fund the Housing Trust Fund established under the Safety and Soundness Act, to the Secretary of the Treasury to fund the Capital Magnet Fund established under the same Act, and to the FMIC to fund the Market Access Fund. Sets forth guidelines for the determination of fees, both the initial fee and subsequent incentive-based fees. (Sec. 502) Amends the Safety and Soundness Act to revise requirements for the Housing Trust Fund to: (1) make it a purpose of the Fund to provide grants to federally-recognized tribes; (2) repeal allocations to reimburse the Treasury for Housing Opportunities for Enhancement (HOPE) for Homeowners Program bond payments; (3) require the Secretary of HUD, acting through the Office of Native American Programs, to distribute via competitive grants certain amounts to federally recognized tribes and tribally designated housing entities; and (4) modify minimum state allocations requirements. (Sec. 503) Makes the Capital Magnet Fund available for grants to attract private capital for and increase investment in activities designed to foster revitalization in areas experiencing severe economic distress and property disinvestment in tribal (as well as rural) areas. (Sec. 504) Directs the FMIC to establish a Market Access Fund, administered by the Office of Consumer and Market Access, and funded in part by a share of fees charged for eligible mortgage loans that collateralize covered securities. Makes the Fund eligible for use by grantees to address the homeownership and rental housing needs of underserved or hard-to-serve populations. (Sec. 505) Directs the Secretary of HUD, the Secretary of the Treasury, and the Office of Community and Market Access to ensure that grant amounts allocated by grantees to eligible recipients, or allocated to individuals by eligible recipients, are not used for: (1) political activities; (2) political advocacy; (3) lobbying; (4) influencing the selection, nomination, election, or appointment of one or more candidates to any federal, state, or local office; (5) personal counseling services; (6) travel expenses; and (7) preparing or providing advice on tax returns. Prescribes penalties for violations of such prohibition. (Sec. 506) Repeals the current prohibition to allow the Government National Mortgage Association (Ginnie Mae) to securitize an insured multifamily housing loan, but only if certain conditions are met.  Authorizes Ginnie Mae to guarantee the timely payment of principal of and interest on trust certificates or other securities insured under the Housing and Community Development Act of 1992.  Title VI: Transition and Termination of Fannie Mae and Freddie Mac - (Sec. 601) Makes the system certification date the one that the Board of Directors of the FMIC certifies by a majority vote that: (1) the FMIC is able to undertake its duties, and (2) all minimum criteria specified by this Act with respect to the new housing finance system have been fully satisfied. Specifies the minimum criteria which the Board must consider in determining whether to certify that the new housing finance system is ready. (Sec. 602) Requires the Transition Committee established under title IV to develop a transition plan including specified elements within 12 months after enactment of this Act to facilitate an orderly transition to the new housing financing system. (Sec. 603) Makes technical revisions to authority under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to resolve insolvent or near-insolvent regulated entities, including the priority of expenses and unsecured claims, subrogation, and the transfer of financial contracts. (Sec. 604) Revokes GSE charters as of the date certain guarantee obligations are fully extinguished, and prescribes requirements for the FHFA to wind down of Fannie Mae and Freddie Mac. Authorizes the FMIC to insure outstanding mortgage-backed securities issued by the GSEs and facilitate their exchange for certain other mortgage-backed securities. Declares that authority to wind down the GSEs includes establishment of asset management plans and holding companies. Requires the wind down, furthermore, to be managed by the FMIC to obtain resolutions that maximize the return for the senior GSE preferred shareholders. (Sec. 605) Prohibits each GSE, until it reaches the allowable size of the retained single-family portfolio, from owning single-family mortgage loan assets at the end of each calendar year in excess of 85% of the aggregate amount it was permitted by the FMIC to own as of December 31 of the immediately preceding calendar year.  Requires the FMIC, by the time the system certification date occurs, to establish an allowable amount of GSE-owned single-family mortgage loan assets necessary to facilitate: (1) the orderly wind down of the GSEs, and (2) appropriate loss mitigation on any legacy guarantees of the GSEs. (Sec. 606) Requires the Chairperson of the FMIC Board of Directors to testify annually before the appropriate congressional committees on the progress made in carrying out the requirements of this title. Requires the Comptroller General (GAO) to study and report on the transition. (Sec. 607) Authorizes the FMIC to establish provisional approval standards in order to ensure the sufficient participation of financially sound entities in the housing finance system. Prescribes a phase-in of capital standards for approved guarantors and multifamily approved guarantors. (Sec. 608) Directs the FMIC to endeavor to ensure that the MI Fund attains a reserve ration of 0.75% of the sum of the outstanding principal balance of the covered securities for which insurance is projected to be provided under this Act for the five-year period beginning on the system certification date. (Sec. 609) Requires GAO to report on the feasibility of transitioning to and creating a fully privatized secondary mortgage market. Title VII: Multifamily - (Sec. 701) Requires the FHFA Director to direct the GSEs, within one year after enactment of this Act, to develop plans to establish multifamily subsidiaries to meet expeditiously the multifamily minimum criteria required by title VI. Transfers to the respective multifamily subsidiaries all employees, functions, activities, infrastructure, property, and other intellectual property, platforms, technology, or any other object or service of the GSEs necessary to support, maintenance, and operation of the multifamily business of each GSE.  Directs each GSE to contribute capital necessary to ensure that its multifamily subsidiary has sufficient capital to carry out its multifamily business. (Sec. 702) Authorizes the FHFA, on or before the system certification date, to manage the sale, transfer, or disposition for value of property, technology, platforms, and legacy systems, infrastructure and processes of a GSE relating to the operation and maintenance of its multifamily business. (Sec. 703) Sets forth administrative requirements as well as standards for FMIC approval of multifamily guarantors that are analogous to those under title III pertaining to guarantors. (Sec. 704) Requires each approved multifamily guarantor to ensure, during each calendar year, that at least 60% of the rental housing units contained in the eligible multifamily mortgage loans that collateralize all multifamily covered securities guaranteed by each such approved multifamily guarantor during the previous 24-month period were at the time of origination, affordable to low-income families. Authorizes the FMIC to suspend or adjust this requirement for an approved multifamily guarantor or guarantors under certain conditions. Directs the FMIC to study the liquidity in the market for financing certain new construction or substantial rehabilitation of mixed-income properties containing multifamily units otherwise qualified but financed by state or local tax-exempt bonds.  (Sec. 705) Directs the FMIC to establish at least one pilot program administered by the Office of Multifamily Housing to test and assess methods or products designed to increase secondary mortgage market access for multifamily properties comprising not more than 50 units or with mortgages not exceeding $3 million. (Sec. 706) Directs the Office of Multifamily Housing to study the expansion to eligible multifamily mortgage loans of the Federal Home Loan Banks' Acquired Member Assets programs. (Sec. 707) Directs the FMIC to study the need, feasibility, costs and merits of creating a cooperatively-owned nonprofit multifamily issuance platform to securitize eligible multifamily mortgage loans. (Sec. 708) Amends the National Housing Act to exempt from the prohibition against transient or hotel use of housing whose mortgage is insured any short-term multifamily residential property that: (1) has more than 50 dwelling units containing a kitchen, with full refrigerator and cooking surface, and bathroom facilities; (2) provides mail boxes for each unit; (3) rents the units for a minimum stay of seven days; but (4) does not provide food or beverage services, including in-room service, daily maid services, furnishing and laundering of linen without charge, or bellhop services. Directs the Secretary of HUD to evaluate the risk of insuring such short-term residential properties. Title VIII: General requirements - (Sec. 803) Amends the Truth in Lending Act (TILA) to add definitions for: (1) mortgage loan; (2) securitized residential mortgage; and (3) servicer. Amends the RESPA to require a servicer to which the servicing of a mortgage loan has been transferred to give the borrower a statement showing:  the application of all payments and charges, including the date received, as allocated to principal, interest, escrow, and other charges; the status of the loan as of the transfer date, including whether the loan is in default and whether any loss mitigation application submitted by the borrower is pending; and an itemization and explanation for all arrearages claimed to be due as of the date of the transfer.  Amends TILA to prohibit, during the 60 days after the transfer of the servicing of any securitized residential mortgage loan, the imposition of any late fee on the consumer with respect to any payment on the loan; and prohibits treatment of such a payment as late for any purpose, if the transferor servicer receives the payment on or before the due date, including any grace period. Prohibits the creditor, new owner, or assignee of a mortgage loan, by itself or through its servicer, from imposing or collecting: (1) any fee not listed as having been incurred in the notice to the consumer of the transfer of servicing of a securitized residential mortgage loan, or (2) any fee incurred before the effective date of such a servicing transfer that is not disclosed on a periodic statement given the consumer before that effective date. (Sec. 804) Amends the Federal Home Loan Bank Act to authorize each Federal Home Loan Bank, at its sole discretion, to purchase investment grade securities from nonmember cooperative lenders that have received financing from the Federal Financing Bank and possess demonstrated experience in making loans to rural cooperatives. Requires these securities to be secured investments collateralized by the cooperative lender's loans. (Sec, 805) Requires the FMIC, the Secretary of HUD, the Secretary of the Treasury, the Secretary of Agriculture, the Secretary of Veterans Affairs, and the Secretary of Labor jointly to identify to Congress specific opportunities to consolidate, eliminate, or streamline similar housing assistance programs as well as opportunities for cross-agency collaboration of housing assistance efforts. Requires transfer of any administrative cost savings resulting from such consolidation, elimination, or streamlining in the amounts of 50% to the Housing Trust Fund and 50% to the General Fund for deficit reduction. (Sec. 806) Directs CFPB to review the application of TILA requirements to high-cost mortgages and reverse mortgage transactions for manufactured housing. Directs GAO to study the manufactured housing loan market.", "2023-01-11T13:24:39Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1217"], ["113-s-1177", 113, "s", 1177, "Moving to Work Charter Program Act of 2013", "Housing and Community Development", "2013-06-18", "2013-06-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Vitter, David [R-LA]", "LA", "R", "V000127", 0, "Moving to Work Charter Program Act of 2013 - Directs the Secretary of Housing and Urban Development (HUD) to enter into charter contracts, beginning in FY2014, with up to 250 public housing agencies administering the public housing program or the section 8 housing assistance program under the United States Housing Act of 1937.  States that such charter contracts shall: (1) supersede and have a term commensurate with any annual contributions contract between a public housing agency (PHA) and the Secretary; and (2) provide that a participating PHA shall receive capital and operating assistance allocated to it under specified laws. Exempts charter contracts from the requirements of the United States Housing Act of 1937, except those for payment of wages prevailing in the community and the demolition and disposition of public housing. Requires a charter contract to provide that a PHA: (1) may combine section 8 low-income assistance and Public Housing Capital and Operating Fund assistance and use it for housing assistance and related services for activities under this Act; (2) shall ensure that at least 75% of the families assisted are very low-income families; (3) shall establish a reasonable rent policy designed to encourage employment, self-sufficiency, and home ownership by participating families; and (4) meet specified additional requirements. Directs the Secretary to appoint a federal advisory committee to assess and develop a demonstration program to test standards, criteria, and practices for a national public housing agency accreditation system or other evaluation system.", "2023-01-11T13:24:40Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1177"], ["113-s-1122", 113, "s", 1122, "Neighborhood Safety Act of 2013", "Housing and Community Development", "2013-06-10", "2013-06-10", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Portman, Rob [R-OH]", "OH", "R", "P000449", 0, "Neighborhood Safety Act of 2013 - Authorizes the use of any amounts of assistance allocated for or provided to a state or state agency through the Hardest Hit Fund program to demolish blighted structures.", "2023-01-11T13:24:41Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1122"], ["113-s-1106", 113, "s", 1106, "Sensible Accounting to Value Energy Act of 2013", "Housing and Community Development", "2013-06-06", "2014-05-07", "Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held. With printed Hearing: S.Hrg. 113-466.", "Senate", "Sen. Bennet, Michael F. [D-CO]", "CO", "D", "B001267", 6, "Sensible Accounting to Value Energy Act of 2013 - Directs the Secretary of Housing and Urban Development (HUD) to develop and issue guidelines for all federal mortgage agencies (including the Federal National Mortgage Association [Fannie Mae], the Federal Home Loan Mortgage Corporation [Freddie Mac], and any affiliates) to implement enhanced loan eligibility requirements, for use when testing the ability of a loan applicant to repay a covered loan, that account for the expected energy cost savings for a loan applicant at a subject property.  Directs the Secretary to issue guidelines for how covered agencies shall determine: (1) the maximum permitted loan amount based on the value of the property for all covered loans made on properties with an energy efficiency report, and (2) the estimated energy savings for properties with such a report. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require standards for the performance of real estate appraisals in connection with federally related transactions to require at a minimum that state certified and licensed appraisers have timely access, where practicable, to information from the property owner and the lender that may be relevant in developing an opinion of value regarding the energy- and water-saving improvements or features of a property. Applies the requirement of state certified appraisers to transactions involving any real property on which the appraiser makes adjustments using an energy efficiency report.  Directs the Secretary to establish an advisory group on the implementation of the enhanced energy efficiency underwriting criteria established in this Act.", "2023-01-11T13:24:42Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1106"], ["113-s-1048", 113, "s", 1048, "Mortgage Finance Act of 2013", "Housing and Community Development", "2013-05-23", "2013-05-23", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Isakson, Johnny [R-GA]", "GA", "R", "I000055", 2, "Mortgage Finance Act of 2013 - Appoints the Federal Housing Finance Agency (FHFA) receiver of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) and places them into irrevocable receivership, effective on the date on which the Mortgage Finance Agency (MFA) established by this Act is operational and able to perform the guarantee function for qualified mortgage-backed securities collateralized by qualified residential mortgages. Directs the FHFA to commence liquidation of the GSEs immediately upon their placement into receivership. Repeals the charters of Fannie Mae and Freddie Mac. Requires repayment by the FHFA to the General Fund of the Treasury, in repayment of certain government assistance to the GSEs, of all proceeds from their operations in receivership remaining after their outstanding obligations are fully satisfied. Requires the FHFA as receiver to manage the combined assets of the GSEs to obtain resolutions that maximize the return for the taxpayer. Establishes the MFA as an independent agency of the federal government to: (1) guarantee securities issued by qualified issuers and collateralized by pools of qualified residential mortgages in order to provide a dependable, transparent, and liquid market for high quality mortgages and multifamily mortgages for securitization; (2) charge and collect a guarantee fee sufficient to protect the MFA and the Treasury from the risks of guaranteeing the timely payment of principal and interest on qualified mortgage-backed securities; (3) establish and maintain a Catastrophic Fund to minimize the burden on the federal government by setting aside amounts that will be available solely to pay obligations under the MFA guarantee in the event of any future mortgage market collapse; and (4) purchase supplemental insurance coverage. Requires the MFA to: (1) guarantee the timely payment of the principal and interest to holders of qualified mortgage-back securities, and (2) cover any shortfalls to security holders. Requires the MFA to charge a guarantee fee with respect to timely payment of principal and interest on the qualified mortgage-backed securities. Creates in the Treasury the Catastrophic Fund, to which shall be credited the amount of guarantee fees and any amounts earned on investments. Requires the MFA Board of Directors to issue guidelines to determine whether supplemental coverage: (1) is being offered on commercially reasonable terms, and (2) is reasonably likely to mitigate the risk that the MFA will have to make any payment pursuant to its guarantee.  Declares that nothing in this Act may be construed as preventing the private sector from securitizing qualified residential mortgages, qualified multifamily mortgages, or other non-qualified residential single family or multifamily mortgages. Terminates the MFA after ten years.", "2023-01-11T13:23:21Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1048"], ["113-s-1002", 113, "s", 1002, "Home Building Lending Improvement Act of 2013", "Housing and Community Development", "2013-05-21", "2013-05-21", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 1, "Home Building Lending Improvement Act of 2013 - Directs each of the appropriate federal banking agencies to initiate guidance or rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulemaking to provide for: (1) adjustment from 100% to 125% of bank capital the measurement that triggers additional scrutiny on real estate loans in the lending portfolio of any qualified financial institution, (2) a prohibition against compelling lenders to call loans in good standing, and (3) improved composite ratings of a financial institution to take effect immediately. Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder in good standing that is secured by a viable project, unless there is a legitimate supervisory or accounting reason to do so. Prohibits such banking agencies from requiring a financial institution to reclassify any real estate loan to a homebuilder in good standing on the balance sheet of such institution, unless there is a legitimate supervisory or accounting reason to do so. Prohibits such agency guidance and regulations from superseding state law, except to the extent of state law inconsistency.", "2023-01-11T13:25:01Z", "https://www.congress.gov/bill/113th-congress/senate-bill/1002"], ["113-s-949", 113, "s", 949, "Consumer Mortgage Choice Act", "Housing and Community Development", "2013-05-14", "2013-05-14", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Manchin, Joe, III [D-WV]", "WV", "D", "M001183", 2, "Consumer Mortgage Choice Act - Amends the Truth in Lending Act with respect to requirements for disclosure to a consumer of points and fees information about a consumer credit transaction, secured by the consumer's principal dwelling, but which is not a residential mortgage transaction, a reverse mortgage transaction, or a transaction under an open end credit plan, when the total points and fees the consumer must pay at or before closing will exceed 8% percent of the total loan amount or $400, whichever is greater. (Such consumer credit transactions might include an equity credit line to which consumer purchases or leases may be charged.) Excludes from the computation of such points and fees: (1) any compensation paid by a mortgage originator or a creditor to an individual person employed by the mortgage originator or creditor, and (2) any escrow for future payment of insurance. Modifies the inclusion in the computation of points and fees of all compensation paid to mortgage brokers. Specifies instead all compensation paid directly by a consumer to a mortgage originator, including a mortgage originator that is also the creditor in a table-funded transaction, but not including compensation paid by a mortgage originator or a creditor to an individual employed by the mortgage originator or creditor. Modifies the criteria for exclusion from the computation of points and fees of certain reasonable charges elsewhere exempted from the computation of the finance charge in extensions of credit secured by an interest in real property. Excludes from points and fees any such reasonable charges even though a creditor receives compensation, but only in so far as the creditor or its affiliate retains the compensation as a result of their participation in an affiliated business arrangement.  (An \"affiliated business arrangement\" is one in which: (1) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1% in a provider of settlement services; and (2) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the provider's selection.) Revises the additional requirement that such a reasonable charge be paid to a third party unaffiliated with the creditor. Requires the charge to be: (1) a bona fide third party charge not retained by the mortgage originator, creditor, or an affiliate; or (2) a fee or premium for title examination, title insurance, or similar purposes.  Modifies the conditions under which federal departments and agencies may exempt refinancings under a streamlined refinancing from an income verification requirement that, at the time a refinancing is consummated, the consumer has a reasonable ability to repay the loan and all applicable taxes, insurance, and assessments. Repeals the exception for bona fide third party charges not retained by the mortgage originator, creditor, or an affiliate from the requirement that total points and fees not exceed 3% of the total new loan amount. (Thus subjects such charges to the same 3% ceiling.)", "2023-01-11T13:24:57Z", "https://www.congress.gov/bill/113th-congress/senate-bill/949"], ["113-s-855", 113, "s", 855, "CDBG Public Services Flexibility Act of 2013", "Housing and Community Development", "2013-04-25", "2013-04-25", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Nelson, Bill [D-FL]", "FL", "D", "N000032", 1, "CDBG Public Services Flexibility Act of 2013 - Amends the Housing and Community Development Act of 1974 to revise requirements for activities eligible for community development block grant (CDBG) assistance. Increases from 15% to 25% the limitation on the amount of CDBG assistance that may be used to provide public services (e.g., those concerned with employment, crime prevention, child care, health, drug abuse, education, energy conservation, welfare or recreation needs). (Currently, only the city and county of Los Angeles, California, and the city of Miami, Florida, are favored with the 25% limit on the amount of CDBG assistance that may be used to provide public services.)", "2022-11-15T16:33:53Z", "https://www.congress.gov/bill/113th-congress/senate-bill/855"], ["113-s-766", 113, "s", 766, "A bill to amend section 520 of the Housing Act of 1949 to revise the census data and population requirements for areas to be considered as rural areas for purposes of such Act.", "Housing and Community Development", "2013-04-18", "2013-04-18", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Johnson, Tim [D-SD]", "SD", "D", "J000177", 5, "Amends the Housing Act of 1949 to extend certain requirements for consideration as a rural area with respect to assistance for farm housing.  Declares that any area classified as "rural" or a "rural area" before October 1, 1990, and determined not to be one as a result of data received from or after the 2010 decennial census, and any area deemed to be a "rural area" for purposes of the Act under any other provision of law at any time between January 1, 2000, and December 31, 2010, shall continue to be so classified until the receipt of data from the decennial census in the year 2020, if that area has a population of between 10,000 and 35,000 (currently, between 10,000 and 25,000), is rural in character, and has a serious lack of mortgage credit for lower and moderate-income families.", "2022-11-15T16:33:44Z", "https://www.congress.gov/bill/113th-congress/senate-bill/766"], ["113-s-563", 113, "s", 563, "Jumpstart GSE Reform Act", "Housing and Community Development", "2013-03-14", "2013-03-14", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Corker, Bob [R-TN]", "TN", "R", "C001071", 3, "Jumpstart GSE Reform Act - Prohibits the use of an increase in the guarantee fee required to be charged by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any affiliate of such organizations (enterprises) to offset an increase in outlays or a reduction in revenues for any purposes other than those related to the enterprises' business functions under: (1) the congressional budget, (2) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), or (3) the Statutory Pay-As-You-Act 2010.  Prohibits the Secretary of the Treasury from selling, transferring, relinquishing, liquidating, divesting, or otherwise disposing of any outstanding shares of senior preferred stock acquired pursuant to a specified Senior Preferred Stock Purchase Agreement between the Department of the Treasury and an enterprise until Congress has passed and the President has signed into law legislation that includes a specific instruction to the Secretary regarding the sale, transfer, relinquishment, liquidation, divestiture, or other disposition of the senior preferred stock so acquired.", "2019-02-20T12:30:28Z", "https://www.congress.gov/bill/113th-congress/senate-bill/563"], ["113-s-576", 113, "s", 576, "Small Public Housing Agency Opportunity Act of 2013", "Housing and Community Development", "2013-03-14", "2013-03-14", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Johanns, Mike [R-NE]", "NE", "R", "J000291", 5, "Small Public Housing Agency Opportunity Act of 2013 - Amends the United States Housing Act of 1937 to subject a small public housing agency (PHA) to the same requirements as a PHA. Defines a small PHA as a PHA for which the sum of the number of public housing dwelling units and the number of vouchers under Section 8 (tenant-based assistance) it administers is 550 or fewer. Requires the Secretary of Housing and Urban Development (HUD) to:  provide for physical inspections of a small PHA public housing project at least once every three years, unless it is a troubled small PHA; determine the financial condition of a small PHA's public housing program solely on the basis of the ratio of current assets to current liabilities; and  determine management condition of a small PHA's public housing program solely on the basis of the ratio of vacant unit months to eligible unit months.  Requires a small PHA administering Section 8 tenant-based assistance under the housing voucher program to make physical inspections of assisted units at least once every three years. Requires HUD to evaluate the management of a small PHA's voucher program solely on the basis of its lease-up rate or the budget utilization rate. Directs HUD to designate a small PHA as a high-performing agency if it exceeds acceptability criteria. Specifies conditions under which HUD may designate a small PHA as a troubled small PHA with respect to its public housing program or housing voucher program. Requires HUD to establish an appeals process for a small PHA to dispute a determination of deficiency. Requires HUD and the small PHA to enter into a one-year corrective action agreement (renewable at HUD option) under which the small PHA shall undertake actions to correct deficiencies. Prescribes and/or revises requirements to reduce the administrative burden on small PHAs with respect to:  certain reports; community service; economic opportunities for low- and very low-income persons; exemption of a small PHA administering not more than 400 public housing dwelling units, upon request, from any asset management requirement; exemption from environmental review for a development or modernization project with a total cost of not more than $100,000; and  streamlined HUD procedures for such reviews.   Authorizes a small PHA to convert all or a portion of its public housing units to project-based voucher assistance or to project-based assistance. Requires HUD to carry out a demonstration project to examine how various methods of determining rent in public housing affect the administrative burden on small PHAs and public housing residents. Establishes rent-setting mechanisms for demonstration project participants based on: (1) a tiered system for initial rents for extremely low-income families, very low-income families, and low-income families; (2) a certain range of gross income percentages; or (3) one or more of these methods in combination with methods established for assisted housing rental payments. Authorizes a small PHA to elect to be paid for its utility and waste management costs under the formula for a period, at its discretion, of up to 20 years based on its average annual consumption during the three-year period preceding the year in which the election is made. Requires HUD to develop and deploy all electronic information systems necessary to accommodate full consolidated reporting by PHAs electing to operate in consortia.", "2022-11-15T16:34:10Z", "https://www.congress.gov/bill/113th-congress/senate-bill/576"], ["113-s-469", 113, "s", 469, "A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.", "Housing and Community Development", "2013-03-06", "2013-06-18", "Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 1, "Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage. Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.", "2022-11-15T16:33:52Z", "https://www.congress.gov/bill/113th-congress/senate-bill/469"], ["113-s-454", 113, "s", 454, "Family Self-Sufficiency Act", "Housing and Community Development", "2013-03-05", "2013-03-05", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Reed, Jack [D-RI]", "RI", "D", "R000122", 1, "Family Self-Sufficiency Act - Amends the United States Housing Act of 1937 to revise the purpose of the Family-Self-Sufficiency (FSS) program to include the use of both low-income housing assistance under Section 8 of such Act (as in current law) and public housing capital and operating funds under Section 9 in order to enable eligible families to achieve economic independence and self-sufficiency. Eliminates the budget allocation reserved for public housing agency (PHA) incentive awards. Prescribes and/or revises eligibility requirements for families to participate in local FSS programs and for the eligible entities to administer them. Makes the owner or sponsor of a multifamily property receiving rental assistance under Section 8, as well as a PHA, an eligible entity for administering a local FSS program. Revises the scope of supportive services provided through a local FSS program under a contract of participation between an eligible entity and a leaseholder receiving assistance under Sections 8 or 9 to include: (1) education for attainment of a GED, (2) education in pursuit of a post-secondary degree or certification, (3) health and mental health services as needed, (4) homeownership education and assistance, and (5) financial literacy. Removes training in homemaking and parenting skills from the list of authorized supportive services. Revises requirements for and limitations on rent increases. Requires an eligible entity to place in an interest-bearing escrow account, for each participating family, an amount equal to any increase in rent the family pays. Requires payment of the escrow account funds to the family after the end of the contract of participation, unless the family fails to qualify to receive it. Modifies requirements for the establishment of fees for costs incurred by eligible entities administering FSS programs. Authorizes owners of privately-owned properties, under specified conditions, voluntarily to make local FSS programs available to their tenants by entering into cooperative agreements with local PHAs administering FSS programs.", "2019-02-20T12:30:17Z", "https://www.congress.gov/bill/113th-congress/senate-bill/454"], ["113-s-437", 113, "s", 437, "Choice Neighborhoods Initiative Act of 2013", "Housing and Community Development", "2013-03-04", "2013-04-22", "Referred to the Committee on Banking, Housing, and Urban Affairs by unanimous consent.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 0, "Choice Neighborhoods Initiative Act of 2013 - Requires the Secretary of Housing and Urban Development (HUD) to make competitive grants to local governments, public housing agencies (PHAs), community development corporations, assisted housing owners, and other for-profit and nonprofit entities to implement transformational programs in eligible neighborhoods with a concentration of extreme poverty, severely distressed housing, and a potential for long-term viability, once certain key problems are addressed. Requires such programs to include neighborhoods with characteristics such as proximity to educational institutions, medical centers, central business districts, major employers, effective transportation alternatives (including public transit, walking, and bicycling), and low poverty neighborhoods. Prohibits the use of such grants for construction or rehabilitation of a K-12 school building or a higher educational institution. Limits the use of grants for certain non-housing activities and supportive services. Authorizes the Secretary to waive such limitations. Exempts from specified requirements of the United States Housing Act of 1937 the demolition and disposition of severely distressed public and assisted housing pursuant to a transformation plan.", "2022-11-15T16:32:49Z", "https://www.congress.gov/bill/113th-congress/senate-bill/437"], ["113-s-386", 113, "s", 386, "Rural Educator and American Community Housing Act of 2013", "Housing and Community Development", "2013-02-26", "2013-02-26", "Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.", "Senate", "Sen. Begich, Mark [D-AK]", "AK", "D", "B001265", 0, "Rural Educator and American Community Housing Act of 2013 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Housing and Urban Development (HUD) to provide grants, loan guarantees, or other financial mechanisms to eligible educators, medical providers, and public safety officers to carry out a qualified project in a qualified community. Defines a "qualified project" as: (1) the construction, modernization, renovation, or repair of qualified housing for such eligible individuals; (2) the payment of interest on bonds or other financing instruments (except refinancing instruments) issued for such activities; or (3) the repayment of a loan used for such construction and so forth, or to purchase or lease real property for qualified housing purposes.  Defines a "qualified community" as any open country, or any place, town, village, or city that is not part of or associated with an urban area and that has a population between 2,500 to 10,000, and is not accessible by a motor vehicle. Authorizes the State Director of Rural Development for a state to evaluate for the Secretary any application for a qualified project in the state. Requires the Secretary to take the evaluation into consideration in determining whether to provide such assistance. Requires the Secretary to give priority to: (1) a state education agency (SEA) or local educational agency (LEA), (2) a state or local housing authority, (3) an Indian tribe or tribal organization, (4) a tribally designated housing entity, (5) a local government, or (6) a consortium of any such entities.", "2019-11-15T21:44:06Z", "https://www.congress.gov/bill/113th-congress/senate-bill/386"], ["113-s-361", 113, "s", 361, "Prompt Notification of Short Sales Act", "Housing and Community Development", "2013-02-14", "2013-02-14", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Murkowski, Lisa [R-AK]", "AK", "R", "M001153", 6, "Prompt Notification of Short Sales Act - Requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding a written request of the mortgagor for a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. Authorizes an aggrieved individual to bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act.  Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval", "2022-11-15T16:34:57Z", "https://www.congress.gov/bill/113th-congress/senate-bill/361"], ["113-s-290", 113, "s", 290, "Title X Amendments Act of 2013", "Housing and Community Development", "2013-02-13", "2013-02-13", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Reed, Jack [D-RI]", "RI", "D", "R000122", 5, "Title X Amendments Act of 2013 - Amends the Residential Lead-Based Paint Hazard Reduction Act of 1992 to revise the purpose for grants for lead-based paint hazard reduction in target housing. Requires such grants to be made instead for reduction of lead-based paint hazards and correction of other housing-related hazards. Authorizes the Secretary of Housing and Urban Development (HUD) to establish a process by which, in order to verify a family's income level, a grantee may first obtain and use income and program participation information from an entity administering: (1) the HOME Investment Partnerships program under the Cranston-Gonzalez National Affordable Housing Act; (2) the special supplemental nutrition program for women, infants, and children (WIC) established under the Child Nutrition Act of 1966; (3) reduced price or free lunches under the Richard B. Russell National School Lunch Act; (4) the weatherization assistance program for low-income persons established under the Energy Conservation and Production Act; (5) the temporary assistance for needy families (TANF) program under part A of title IV of the Social Security Act (SSA); (6) the supplemental security income (SSI) program under SSA title XVI; or (7) any other program consistent with the family income requirements of the Residential Lead-Based Paint Hazard Reduction Act of 1992. Makes eligible to apply for such a grant, in addition to certain state or local governments, for specified activities relating to lead-based paint hazards: (1) an Indian tribe, and (2) private nonprofit organization partnering with the state or unit of general local government in which the activities will be carried out. Makes a private nonprofit organization not partnering with a state or local government eligible all the same to apply for a grant to reduce housing-related health hazards, including any condition of residential real property that poses a risk of biological, physical, radiological, or chemical exposure that can adversely affect human health. Revises grantee selection criteria for a grant to carry out activities relating to lead-based paint hazards, and prescribes criteria for activities relating to housing-related hazards. Prescribes an allocation of funds for grants to assess and correct housing-related health hazards and evaluate the effectiveness of such assessments and corrections. Reauthorizes the Act for FY2014-FY2018.", "2022-11-15T16:34:02Z", "https://www.congress.gov/bill/113th-congress/senate-bill/290"], ["113-s-291", 113, "s", 291, "Healthy Housing Council Act of 2013", "Housing and Community Development", "2013-02-13", "2013-02-13", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S790)", "Senate", "Sen. Reed, Jack [D-RI]", "RI", "D", "R000122", 4, "Healthy Housing Council Act of 2013 - Establishes in the executive branch an independent Interagency Council on Healthy Housing. Requires the Council to: (1) review federal programs and services that provide housing, health, energy, or environmental services to families and individuals; (2) monitor, evaluate, and recommend improvements in programs and services administered, funded, or financed by federal, state, and local agencies; (3) recommend ways to reduce duplication among federal programs and services; and (4) ensure collaboration among and within agencies in the provision and availability of such programs and services.", "2022-11-15T16:32:59Z", "https://www.congress.gov/bill/113th-congress/senate-bill/291"], ["113-s-249", 113, "s", 249, "Responsible Homeowner Refinancing Act of 2013", "Housing and Community Development", "2013-02-07", "2013-02-07", "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.", "Senate", "Sen. Menendez, Robert [D-NJ]", "NJ", "D", "M000639", 24, "Responsible Homeowner Refinancing Act of 2013 - Requires the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), in carrying out the Home Affordable Refinance Program, to adopt specified criteria pertaining to: (1) borrower eligibility, (2) representations and warranties, (3) prohibition on up-front fees, (4) alternative streamlined methods to determine the value of a property, (5) the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, and (6) guarantee fees. Requires the GSEs to notify all borrowers with a mortgage owned or guaranteed by a GSE about the Program and its eligibility criteria, and inform borrowers of the website required below. Directs the Director of the Federal Housing Finance Agency (FHFA) to establish a single website where borrowers may: (1) determine their potential eligibility for participation in the Program, (2) see a complete list of and links to qualified lenders, (3) use a mortgage refinance calculator to calculate potential payment savings based on different interest rates, and (4) obtain tips on refinancing their loan.  Directs the Director of FHFA to issue guidance to require the GSEs to make their refinancing guidelines consistent to ease the compliance requirements of qualified lenders, and in particular with respect to loans with less than 80% loan-to-value ratio and closing cost policies of the GSEs, which regulations or guidance shall be put into effect not later than 90 days after the enactment of this Acts.", "2022-11-15T16:33:58Z", "https://www.congress.gov/bill/113th-congress/senate-bill/249"]], "truncated": false, "filtered_table_rows_count": 34, "expanded_columns": [], "expandable_columns": [], "columns": ["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"], "primary_keys": ["bill_id"], "units": {}, "query": {"sql": "select 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 from legislation where \"bill_type\" = :p0 and \"congress\" = :p1 and \"policy_area\" = :p2 order by introduced_date desc limit 101", "params": {"p0": "s", "p1": "113", "p2": "Housing and Community Development"}}, "facet_results": {"congress": {"name": "congress", "type": "column", "hideable": false, "toggle_url": "/openregs/legislation.json?bill_type=s&congress=113&policy_area=Housing+and+Community+Development", "results": [{"value": 113, "label": 113, "count": 34, "toggle_url": "https://regs.datadawn.org/openregs/legislation.json?bill_type=s&policy_area=Housing+and+Community+Development", "selected": true}], "truncated": false}, "bill_type": {"name": "bill_type", "type": "column", "hideable": false, "toggle_url": "/openregs/legislation.json?bill_type=s&congress=113&policy_area=Housing+and+Community+Development", "results": [{"value": "s", "label": "s", "count": 34, "toggle_url": "https://regs.datadawn.org/openregs/legislation.json?congress=113&policy_area=Housing+and+Community+Development", "selected": true}], "truncated": false}, "policy_area": {"name": "policy_area", "type": "column", "hideable": false, "toggle_url": "/openregs/legislation.json?bill_type=s&congress=113&policy_area=Housing+and+Community+Development", "results": [{"value": "Housing and Community Development", "label": "Housing and Community Development", "count": 34, "toggle_url": "https://regs.datadawn.org/openregs/legislation.json?bill_type=s&congress=113", "selected": true}], "truncated": false}}, "suggested_facets": [], "next": null, "next_url": null, "private": false, "allow_execute_sql": true, "query_ms": 25.61126399814384, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}