Search Results: keywords:"non-performing loans"

  • H. R. 9245 — To make housing more affordable, and for other purposes.
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    Status:Introduced in House
    Words:30,750

    H.R. 9245, known as the "American Housing and Economic Mobility Act of 2024," is designed to make housing more affordable in the United States. It proposes measures like granting funds to local entities to reduce housing costs, safeguarding low-income homeowners, reforming...

    Simple Explanation

    The American Housing and Economic Mobility Act of 2024 is a plan to make homes cheaper for people by giving money to help change rules and build houses, helping people buy homes, and protecting fair housing rights, but it needs to be careful with money and rules so everything is fair and doesn't get messy.

  • S. 3784 — To provide requirements for the bulk auction or group sale of certain non-performing loans, and for other purposes.
    Status:Introduced in Senate
    Words:6,498

    The bill titled "Preserving Homes and Communities Act of 2024" proposes guidelines for the bulk auction or group sale of specific non-performing loans to ensure transparency and fair practices. It mandates that federal, state, local, or tribal governments, along with nonprofit organizations,...

    Simple Explanation

    The bill is about making sure that when big groups of unpaid home loans are sold, governments and non-profit groups get the first chance to buy them, so they can help people find affordable places to live. It also wants to collect information to see how well this helps neighborhoods.