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Taxpayer Protections and Market Access for Mortgage Finance Act of 2016
Legislative Progress
Introduced
December 8, 2016
Latest Action
December 16, 2016
Primary Sponsor
Edward R. RoyceRepublican(CA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
45pct
8d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Taxpayer Protections and Market Access for Mortgage Finance Act of 2016 This bill amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to direct the Federal Housing Finance Agency (FHFA) to establish guidelines to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to engage in significant and increasing credit risk transfer transactions. A "risk transfer transaction" provides for: (1) the sale, disposition, retention, or transfer within the private sector of credit risk on any single-family residential mortgage loan or a pool of such loans that back securities on which the enterprise guarantees the timely payment of principal and interest; or (2) the retention by the private sector of any such credit risk in connection with the sale of any such loan or security to an enterprise. The enterprises may set and publish guarantee fees commensurate with the reduced credit risk resulting from any new risk transfer transactions. The bill exempts certain swaps entered into for the purpose of transferring or sharing credit risk in connection with a risk transfer transaction from the Commodity Exchange Act. The FHFA must also require Fannie Mae and Freddie Mac to: (1) establish a five-year pilot program under which each enterprise must annually engage in at least one front-end (before or simultaneous with the acquisition of the loan or security by the enterprise) risk sharing transaction for which both bank and non-bank mortgage originators having under $10 billion in assets are eligible participants, and (2) jointly establish a pilot program to increase the amount of risk that is transferred by the enterprises using private mortgage insurance.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (7)
2017 · second_quarter · Housing
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Congress.gov source codes: H11100, H11100-A
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Policy issues pertaining to mortgage insurance, government-sponsored entities and the Federal Housing Administration. H.R. 10, The Financial CHOICE Act of 2017, entire bill. Forthcoming legislation regarding taxpayer protections and market access (previously H.R. 6487, Mortgage Finance Act (114th Congress)).
Client expense: Not reported · Firm income: $160,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · second_quarter · Banking
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including H.R. 6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016" (114th Congress).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Housing
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including H.R. 6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016" (114th Congress).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · first_quarter · Housing
H.R. 5983 Financial CHOICE Act of 2016 S. 1484 Financial Regulatory Improvement Act of 2015 - Fannie Mae & Freddie Mac credit risk retention H.R. 6487, the Taxpayer Protections and Market Access for Mortgage Finance Act, legislation requiring the GSEs to increase credit risk transfers (CRT) with the private sector.
Client expense: $640,263 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2017 · first_quarter · Banking
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including H.R.6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016" (114th Congress).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · first_quarter · Housing
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including H.R.6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016" (114th Congress).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Housing
1. GSE Reform - General issues related to the preservation of a federal guaranty and the TBA (To-Be-Announced) market; support for increased participation of private capital; discussions/proposals related to credit risk transfer (CRT) 2. General Housing Finance Issues - Issues concerning FHFA's efforts to implement both a single-security (SS) and common securitization platform (CSP), including increased risk sharing, transparency, and industry participation. 3. Mortgage REITs - H.R. 6487, The Taxpayer Protection and Market Access for Mortgage Finance Act, specifically provisions supporting the allowance of mortgage REITs to fully invest in credit-risk sharing transactions created by either Fannie Mae or Freddie Mac. 4. Private-Label Securities (PLS) - General issues related to support for industry agreed-upon solutions arrived at in its RMBS 3.0 project for inclusion as part of any new structure for the return of private-label mortgage-backed securities; issues related to the facilitation of deal agent initiatives (PLS initiatives). 5. TILA-RESPA Integrated Disclosure Rule (TRID) - General issues concerning clarity and implementation of CFPB rules.
Client expense: $90,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Housing
H.R. 5983 Financial CHOICE Act of 2016 S. 1484 Financial Regulatory Improvement Act of 2015 - Fannie Mae & Freddie Mac credit risk retention H.R. 6487, the Taxpayer Protections and Market Access for Mortgage Finance Act, legislation requiring the GSEs to increase credit risk transfers (CRT) with the private sector.
Client expense: $617,101 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
2016 · fourth_quarter · Housing
Policy issues pertaining to mortgage insurance, government-sponsored entities, and the housing finance market (no specific legislation). H.R. 6500, Moving Housing Forward Act of 2016, entire bill. H.R. 6487, Taxpayer Protections and Market Access for Mortgage Finance Act of 2016, entire bill.
Client expense: Not reported · Firm income: $160,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
FHFA/FHLB Membership Corporate Governance Preserving Access to CRE Capital HR 4620 Taxpayer Protections and Market Access for Mortgage Finance Act HR 6487 The Moving Housing Forward Act HR 6500
Client expense: $852,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2016 · fourth_quarter · Housing
Housing/GSE reform, mortgage insurance, housing issues H.R. 1491, S. 1484, the Financial Regulatory Improvement Act of 2015, Title CII, provisions related to mortgage reform and H.R. 2029, the Consolidated Appropriations Act of 2016, H.R. 6487, the Taxpayer Protections and Market Access for Mortgage Finance Act of 2016 and H.R. 65000, Moving Housing Forward Act of 2016.
Client expense: $130,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Insurance
Housing/GSE reform, mortgage insurance, housing issues H.R. 1491, S. 1484, the Financial Regulatory Improvement Act of 2015, Title CII, provisions related to mortgage reform and H.R. 2029, the Consolidated Appropriations Act of 2016, H.R. 6487, the Taxpayer Protections and Market Access for Mortgage Finance Act of 2016 and H.R. 65000, Moving Housing Forward Act of 2016.
Client expense: $130,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Insurance
Issues regarding mortgage insurance and housing finance. H.R. 6487, Taxpayer Protections and Market Access for Mortgage Finance Act of 2016, provisions affecting mortgage insurance.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Housing
Issues regarding mortgage insurance and housing finance. H.R. 6487, Taxpayer Protections and Market Access for Mortgage Finance Act of 2016, provisions affecting mortgage insurance.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Banking
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including S. 1484, the "Financial Regulatory Improvement Act of 2015;" H.R. 5983, the "Financial CHOICE Act of 2016;" and H.R. 6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016."
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Housing
Housing finance reform and operation of the Federal Housing Administration and the Federal government-sponsored housing enterprises, including S. 1484, the "Financial Regulatory Improvement Act of 2015;" H.R. 5983, the "Financial CHOICE Act of 2016;" and H.R. 6487, the "Taxpayer Protections and Market Access for Mortgage Finance Act of 2016."
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE