Protecting America's Property Rights Act mandates additional capital requirements for mortgages not meeting specified criteria.
The Protecting America's Property Rights Act amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to require the Enterprises to hold an additional 1.00 percent of the unpaid principal balance for any mortgage that does not meet certain criteria. The Director must issue regulations and guidance to ensure compliance, including verifying that any product used for lien and title protection is appropriately regulated. This Act aims to enhance the safety and soundness of mortgage purchases by the Enterprises.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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