Public Law 110-289
E65991
Public Law 110-289 is a major 2008 U.S. federal statute that overhauled housing finance regulation, created new oversight for Fannie Mae and Freddie Mac, and responded to the subprime mortgage crisis.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
→
financial regulatory reform law → housing finance law → |
| abbreviatedAs |
FHFA
→
|
| aimsTo |
enhance safety and soundness of housing GSEs
→
expand affordable housing opportunities → stabilize the U.S. housing market → |
| amends |
Federal Home Loan Bank Act
→
Federal Home Loan Mortgage Corporation Act → Federal Housing Enterprises Financial Safety and Soundness Act of 1992 → Federal National Mortgage Association Charter Act → |
| authorizes |
FHA-insured refinances for distressed borrowers
→
Treasury support for Fannie Mae and Freddie Mac → |
| category |
United States federal housing legislation
→
United States financial reform legislation → |
| containsTitle |
Affordable Housing Provisions
→
FHA Modernization → Foreclosure Prevention → Housing Finance Reform → |
| country |
United States
→
|
| creates |
Federal Housing Finance Agency
→
affordable housing trust fund mechanisms for GSEs → |
| dateSigned |
2008-07-30
→
|
| designatesAsRegulator |
Federal Housing Finance Agency
→
|
| enactedBy |
110th United States Congress
→
|
| establishes |
HOPE for Homeowners program
→
|
| grantsAuthority |
FHFA conservatorship powers over Fannie Mae and Freddie Mac
→
|
| hasAcronym |
HERA
→
|
| hasShortTitle |
Housing and Economic Recovery Act of 2008
→
|
| hasTitle |
Housing and Economic Recovery Act of 2008
→
|
| jurisdiction |
federal government of the United States
→
|
| precededBy |
earlier GSE regulatory framework under OFHEO and FHFB
→
|
| provides |
new regulatory powers over GSE capital standards
→
new regulatory powers over GSE enforcement and receivership → new regulatory powers over GSE portfolio limits → |
| publicLawNumber |
110-289
→
|
| replaces |
Federal Housing Finance Board
→
Office of Federal Housing Enterprise Oversight → |
| respondsTo |
late-2000s financial crisis
→
subprime mortgage crisis → |
| restructures |
oversight of Fannie Mae
→
oversight of Freddie Mac → oversight of the Federal Home Loan Banks → |
| signedBy |
George W. Bush
→
|
| statutesAtLargeCitation |
122 Stat. 2654
→
|
| subject |
affordable housing
→
financial regulation → housing finance → mortgage markets → |
| yearEnacted |
2008
→
|
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
HERA
→
Housing and Economic Recovery Act of 2008 → |
publicLawNumber |