H.R.3838 - To temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb Sponsor: Barney Frank / 110th Congress

Title
110th Congress - To temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans, and for other purposes. hidemore...
Summary
To temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans, and for other purposes. (by CRS)
Status
The bill has been introduced.

This bill has not been voted on.

Contribution data provided by the Center for Responsive Politics (OpenSecrets.org)

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Congress constructs rescue package for Fannie Mae, Freddie Mac by Angela Xu, Jul 17, 2008 (5:40pm)

This bill would save the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from collapsing. The two GSEs provide the most financing for home loans in the US, so their bankruptcies would cause the economy to stumble again. This bill would allow the Treasury to bolster Freddie Mac and Fannie Mae, and give them higher limits on the amounts they’re allowed to purchase in mortgages.

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