House Committee approves Mortgage Choice Act

032515 - Full Committee Legislative Markup (EventID=103269)  · The house financial services committee yesterday favorably reported the financial choice act (The CHOICE Act, H.R. 10), which would repeal and replace a number of provisions of the Dodd-Frank Wall Street Reform Act. The bill includes several provisions that could impact the rules governing hfa lending programs and ways of financing them.

The House Financial Services Committee has approved a bill that would make it easier for mortgage originators to move across state lines — or from a bank to a nonbank

Last year, House Financial Services Committee Chairman Jeb Hensarling's, R- Texas, Financial CHOICE Act, H.R. 10, was officially on its way.

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H.R. 5983 was approved by the Financial Services Committee in September, but. for all securitizations except those limited to residential mortgages, the Durbin. a House judiciary committee bill (HR 2947) passed by the House earlier this.

On April 19, 2017, the House Financial Services Committee(the “Committee”) released a new “discussion draft” of the Financial CHOICE Act, its comprehensive regulatory reform bill (“CHOICE Act 2.0”). The Committee released the first version of the bill(“CHOICE Act 1.0”) in June 2016.