Mortgage Rate Reduction Act

Summary

Mortgage Rate Reduction Act This bill authorizes the federal guarantee, or insurance, of certain second mortgages. Specifically, this applies to properties with a first mortgage guaranteed by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). For a second mortgage to qualify, the first mortgage on the property must be guaranteed under the same authority. The bill also requires the publication of mortgage guarantee information by the FHA, VA, and Department of Agriculture. For each mortgage guaranteed, these agencies must publish the address of the property and the date of the loan.

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Timeline

1. 31 January 2025

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 31 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 March 2025

   Referred

   Referred to the Subcommittee on Economic Opportunity.

   Source: Committee

Votes

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Versions

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Documents

2 official files

• Introduced in House

  Introduced in House · EN · 31 January 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 January 2025

  Open at official source

Sponsors

• Rep. Ryan, Patrick [D-NY-18] · D · Sponsor
• · hsvr00 · Standing
• · hsba00 · Standing

Related records

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