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United States · Bill · HR

H.R. 3164 (112th)

Short Sale Transparency Act of 2011

referredUnited States· United States Congress· EN

Introduced

12 October 2011

Last action

Status

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage.

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Documents

3 official files

Introduced in House (text)

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Sources

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