- Not enactedThe President has not signed this bill
- The senate has not voted
- The house Passed June 9th, 2014Passed by Voice Vote
Committee on Financial ServicesIntroducedSeptember 28th, 2013
- house Committees
Improves access to credit and qualified mortgages for low- and moderate-income borrowers. More people would have access to a qualified mortgage, and this would in turn would be a step toward the revitalization of the U.S. housing market.
Weakens mortgage reform. Undermines consumer protection. Provides incentives for lenders to steer families into high-risk, high-fee loans they do not understand and cannot afford, effectively recreating one of the catalysts for the 2007-08 financial crisis.