An Economic Analysis of Large-Scale Mortgage Refinancing Proposals : A Brief Overview of S. 3522 and S. 3085.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Business cycles.

Consumers.

Economic policy.

Finance--Law and legislation.

Finance.

Physical Description:

1 online resource (1 online resource (9 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-R4-2577 in the 2012 issue.

Provides brief overview of policy proposals for large-scale refinancing of mortgages for borrowers who have been shut out of traditional financing methods; and examines the home affordable refinance program. Outlines S. 3522, the Responsible Homeowner Refinancing Act of 2012, and S. 3085, both to mandate greater refinancing of loans provided by Government-sponsored enterprises. Considers potential impact of large-scale refinancing on housing market, consumer spending, and financial sector.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Economic Analysis of Large-Scale Mortgage Refinancing Proposals

Access Restriction:

Restricted for use by site license.