H. R. 8099 is a bill that instructs the Director of the Federal Housing Finance Agency to analyze the costs and benefits of requiring two, instead of three, credit reports and credit scores for purchasing residential mortgage loans. The analysis aims to understand potential...
Simple Explanation
H.R. 8099 is like a homework assignment for a big housing teacher to see if using two grades instead of three helps more people buy houses, without making it harder for the banks to do their job. People can give their opinions about this idea before any changes happen.