United States · Bill · S
S. 655 (94th)
Home Retention Act
Introduced
7 February 1975
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Home Retention Act - Authorizes, under the National Housing Act, a temporary program to cure home mortgage defaults by providing for (1) refinancing the entire amount of the mortgage; (2) suspending the mortgagor's obligation to pay; and (3) recasting the entire amount of the mortgage debt. Authorizes the guarantee of securities based on pools or trusts of the mortgages acquired. Allows the sale of securities guaranteed under this Act to any Federal Reserve Bank. Authorizes the Secretary to waive the requirement for payment of any mortgage insurance premium.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 7 February 1975
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/655
- Open data entity: https://api.congress.gov/v3/bill/94/s/655