US Congress House Bill 3164 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Democrat 11-2)
Status: Introduced on October 12 2011 - 25% progression, died in committee
Action: 2011-10-21 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Pending: House Subcommittee on Capital Markets and Government Sponsored Enterprises Committee
Text: Latest bill text (Introduced) [PDF]

Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage.

Short Sale Transparency Act of 2011

Rep. Susan Davis [D-CA]	Rep. Judy Chu [D-CA]	Rep. Bob Filner [D-CA]	Rep. Janice Hahn [D-CA]
Rep. Michael Honda [D-CA]	Rep. Henry Johnson [D-GA]	Rep. Jerry McNerney [D-CA]	Rep. Bill Posey [R-FL]
Rep. Thomas Rooney [R-FL]	Rep. Linda Sanchez [D-CA]	Sen. Adam Schiff [D-CA]	Rep. Brad Sherman [D-CA]
Rep. Jackie Speier [D-CA]

Date	Chamber	Action
2011-10-21	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-10-12	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3164/all-info
Text	https://www.congress.gov/112/bills/hr3164/BILLS-112hr3164ih.pdf