United States · Bill · S
S. 2036 (110th)
Protecting Access to Safe Mortgages Act
Introduced
10 September 2007
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
Summary
Protecting Access to Safe Mortgages Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase mortgage portfolio limitations placed upon: (1) the Federal National Mortgage Association (Fannie Mae); and (2) the Federal Home Loan Mortgage Corporation (Freddie Mac), respectively. Instructs the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development (HUD) to lift: (1) the limitation on growth provision set forth in the Fannie Mae Consent Decree; and (2) the voluntary temporary growth limitation described in a certain Freddie Mac Letter. Requires 50% of such portfolio increase to be used on loans which have had or will have interest rate resets between June 2005 and December 2009.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 10 September 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 September 2007
Introduced in Senate
summary · EN · 10 September 2007
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/2036
- Open data entity: https://api.congress.gov/v3/bill/110/s/2036