Search Results for keywords:"credit reports"

Search Results: keywords:"credit reports"

H. R. 8099 — To require the Director of the Federal Housing Finance Agency to assess the costs and benefits of requiring the enterprises obtain 2 rather than 3 credit reports and credit scores, and for other purposes.
April 19, 2024
Status:Introduced in House
Congress:118
Words:648
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.
S. 4944 — To require multifamily borrowers with federally backed multifamily mortgage loans to submit positive rental payments to certain consumer reporting agencies.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:613
S. 4944, also known as the “Access to Homeownership Act,” requires multifamily landlords with federally backed mortgage loans to report their tenants' positive rental payments to certain consumer reporting agencies. This allows tenants' good rent payment histories to appear...
Simple Explanation
The bill wants landlords who have special loans for their buildings to tell certain companies when people pay their rent on time, but only if the renters say it's okay. This would help the renters show they're good at paying bills, making it easier for them to get a house loan in the future.

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