Like Countable?

Install the App
TRY NOW

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedJuly 14th, 2009

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.

Title

National Home Mortgage and Loan Performance Registry Act of 2009

Official Title

To create a National Home Mortgage and Loan Performance Registry to maintain an inventory of the supply and performance of home mortgage loans in the United States to show market trends and dynamics in the mortgage lending industry and provide detailed information on national mortgage foreclosure rates.

Summary

National Home Mortgage and Loan Performance Registry Act of 2009 - Amends the Home Mortgage Disclosure Act of 1975 to require certain additional itemized mortgage loan data disclosures by depository institutions and mortgage servicers. Directs the Board of Governors of the Federal Reserve System to establish a National Home Mortgage and Loan Performance Registry to compile and make available information regarding the making of mortgage loans and their performance, including information regarding default and foreclosure occurrences and rates, for mortgage loans for single-family housing, multifamily housing, and small farms. Requires the Board to report quarterly to Congress, the Secretary of the Treasury, and the Secretary of Housing and Urban Development (HUD) regarding the performance of outstanding mortgage loans. Directs the Board and the Secretaries to report jointly to Congress regarding any additional actions or authority necessary to improve the Registry.

    There are currently no opinions on this bill, be the first to add one!