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United States · Bill · HR

H.R. 6218 (111th)

Housing Opportunity and Mortgage Equity Act of 2010

referredUnited States· United States Congress· EN

Introduced

28 September 2010

Last action

28 September 2010 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Cardoza, Dennis A. [D-CA-18], Rep. Larson, John B. [D-CT-1], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Miller, George [D-CA-11], Rep. Eshoo, Anna G. [D-CA-18], Rep. Kagen, Steve [D-WI-8], Rep. Garamendi, John [D-CA-8], Sen. Welch, Peter [D-VT], Rep. Castor, Kathy [D-FL-14], Rep. Berkley, Shelley [D-NV-1], Rep. Baca, Joe [D-CA-43], Rep. Hastings, Alcee L. [D-FL-20], Rep. Costa, Jim [D-CA-21], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. McNerney, Jerry [D-CA-9], Rep. Giffords, Gabrielle [D-AZ-8], Rep. Sires, Albio [D-NJ-13], Rep. Thompson, Mike [D-CA-4], Rep. Farr, Sam [D-CA-20], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Napolitano, Grace F. [D-CA-32], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Becerra, Xavier [D-CA-34], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Richardson, Laura [D-CA-37], Rep. Stark, Fortney Pete [D-CA-13], Rep. Sanchez, Loretta [D-CA-46], Rep. Titus, Dina [D-NV-1], Rep. Pastor, Ed [D-AZ-4], Rep. Kilroy, Mary Jo [D-OH-15], Rep. Sutton, Betty [D-OH-13], Rep. Hinchey, Maurice D. [D-NY-22], Sen. Hirono, Mazie K. [D-HI], Rep. Filner, Bob [D-CA-51]

Subjects

Housing

Source updated

14 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Housing Opportunity and Mortgage Equity Act of 2010 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a refinancing mortgage (and for the purchase of and securitization of such refinancing mortgages) in accordance with this Act and the policies and procedures of the Federal Housing Finance Agency. Defines a qualified mortgage as one, regardless of whether the mortgagor is current on payments due or in default, that: (1) is an existing first mortgage for purchase of, or refinancing another first mortgage on, a one- to four-family dwelling, including a condominium or a share in a cooperative ownership housing association, that is occupied by the mortgagor as principal residence; (2) is owned or guaranteed by the particular GSE; and (3) was originated on or before enactment of this Act. Specifies the terms and conditions of a refinancing mortgage, including a 40-year term to maturity and a prohibition on borrower fees. Requires waiver or forgiveness of all fees and penalties related to any default or delinquency on the original mortgage. Requires a GSE to pay a fee of up to $1,000 to the servicer of a qualified mortgage refinance. Prohibits any requirement of a property appraisal.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 September 2010

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 28 September 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 September 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 28 September 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 28 September 2010

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  • Introduced in House

    summary · EN · 28 September 2010

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Sponsors

Related records

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Sources

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