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H.R. 4482, a bill to amend title 38, United States Code, to

Daily newsbrief journal for May 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


H.R. 4482, a bill to amend title 38, United States Code, to

Postby admin » Wed May 30, 2012 5:06 pm

H.R. 4482, a bill to amend title 38, United States Code, to make permanent home loan guaranty programs for veterans regarding adjustable rate mortgages and hybrid adjustable rate mortgages
from CBO Recent CBO Publications
As ordered reported by the House Committee on Veterans’ Affairs
on April 27, 2012

H.R. 4482 would make permanent the authority of the Department of Veterans Affairs (VA) to guarantee adjustable-rate mortgages and hybrid adjustable-rate mortgages (that is, mortgages with a rate that is fixed for an initial period and adjustable thereafter). Subsidy costs of those additional loan guarantees—totaling $144 million over the 2013-2022 period—would be paid from a mandatory appropriation; therefore, pay-as-you-go procedures apply.

http://www.cbo.gov/publication/43267
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