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HVCC HR 3044 Gaining steam in Congress

By Matt Listro

Mortgage and Lending with National Credit Fixers - Matt Listro

September 16, 2009 04:38 AM

HVCC HR 3044 Gaining steam in Congress

The bill HR 3044 is gaining steam in Congress. This bill aims at putting an 18 month moratorium on the HVCC. The bill now has 86 co-sponsors. The bill is in the House Committee on Financial Services. Any idea of how many bills are currently in this committee? A ton. Click here to see. The bill needs to get through the House before it can get back to Congress for a vote. Most bills die in committee. With 86 co-sponsors it is becoming less likely that that will happen to this bill.

:)
Matt

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Stephen Kappre

KW Hometown - Mantua, NJ

Helping You Home

We didn't hear as much about this one (at lest I didn't) but it would be a good idea. This is one I hope passes!

Sep 16, 2009 05:33 AM

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

Now Kittty I coulda done without clicking to Barney's pic. Gonna have nightmares. :)

Seriously, I think it would be good to kibosh HVCC for at least a bit.

Sep 16, 2009 04:16 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Matt, I think this will probably pass. Not sure how it's going to impact us other than hopefully we'll have more qualified local appraisals do the jobs.

Sep 16, 2009 11:54 PM

Mike Saunders

Retired - Athens, GA

Matt - I am certainly hoping that this gets some legs and passes. However, I wish some additional language would be added that discusses looking at the impacts and determining how and what to fix. Otherwise, we will just have the same piece of crap come back and gum things up 18 months after the bill passes.

Sep 17, 2009 03:34 AM

HVCC HR 3044 Gaining steam in Congress

HVCC HR 3044 Gaining steam in Congress

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