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Code · BILL · 114th Congress · H.R. 1491 (Introduced in House) — To reform the housing finance system of the United States, and for other purposes. · Sec. 1

Sec. 1. Short title; table of contents

245 words·~1 min read·/bill/114/hr/1491/ih/section-1

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This Act may be cited as the . Partnership to Strengthen Homeownership Act of 2015 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Purpose. Sec. 3. Definitions. Title I—Ginnie Mae Sec. 101. Removal from HUD; establishment as independent entity. Sec. 102. Transfer to Ginnie Mae of powers, personnel, and property of FHFA. Sec. 103. Regulation of market participants and aggregators. Sec. 104. Regulatory consultation and coordination.
Title II—Securitization and insurance Sec. 201. Issuing Platform. Sec. 202. Insurance. Sec. 203. Authority to protect taxpayers in unusual and exigent market conditions. Sec. 204. Servicing rights; representations and warranties. Sec. 205. Federal Home Loan Banks. Title III—Wind down of Fannie Mae and Freddie Mac Sec. 301. Limitation on business. Sec. 302. Risk-sharing pilot programs. Sec. 303. Continued conservatorship. Sec. 304. Mandatory receivership. Sec. 305. Repeal of enterprise charters.
Sec. 306. Ginnie Mae authority regarding timing. Sec. 307. Consultation. Title IV—Multifamily housing finance Sec. 401. Establishment of multifamily subsidiaries. Sec. 402. Disposition of multifamily businesses. Sec. 403. Guarantee of multifamily securities. Sec. 404. Other forms of multifamily risk-sharing. Sec. 405. Ginnie Mae securitization of FHA risk-sharing loans. Sec. 406. Continuation of certain programs. Title V—Affordable Housing Sec. 501. Affordable housing allocations.
Sec. 502. Housing Trust Fund. Sec. 503. Capital Magnet Fund. Sec. 504. Market Access Fund. Title VI—General Provisions Sec. 601. Rule of construction regarding Senior Preferred Stock Purchase Agreements. Sec. 602. Treatment of community development financial institution.
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