HB5837: Protecting America's Property Rights Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To provide additional requirements for the purchase and sale of conventional mortgages by the enterprises, and for other purposes.
Plain-language summary
This bill adds new requirements for how Fannie Mae and Freddie Mac (government-backed enterprises that buy mortgages from lenders) can purchase and sell conventional mortgages. Conventional mortgages are home loans that are not guaranteed by the government. The bill was introduced in Congress but has not yet been assigned to a or voted on. The full text was not provided, so specific requirements cannot be detailed. The bill's purpose appears to relate to protecting property rights in the mortgage market.
AI-generated summary
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HB5837: Protecting America's Property Rights Act
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Sponsors
Andrew Garbarino
Primary SponsorCo-sponsors (16)
Vicente Gonzalez
James Moylan
Wiley Nickel
Brad Sherman
Young Kim