,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bgcc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ah1 #bjac ,mr4 
,campbell introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to prohibit       
,fannie ,mae & ,fr$die ,mac f pur*as+1 !
 ,,fha f insur+1 & ! ,dep>tm5t (        
,agriculture f gu>antee+1 mak+1 or      
insur+1 a mortgage t is secur$ by a     
resid5ce or resid5tial /ructure locat$ 9
 a c\nty 9 :i* ! ,/ate has us$ ! p[] (  
em95t doma9 to take a resid5tial        
mortgage4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,def5d+ ,am]ican ,taxpay]s 
,f ,abusive ,gov]nm5t ,tak+s ,act (     
#bjac4  #b4 ,prohibition relat+ to use (
 p[] ( em95t doma9  7a7 ,fannie ,mae    
,subsection 7b7 ( section #cjb ( !      
,f$]al ,national ,mortgage ,association 
,*>t] ,act 7#ab ,u4,s4,c4 #agag7;b77 is 
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#g7 7,a7 ,not)/&+ any o!r   
provision ( law1 ! corporation may n    
pur*ase any mortgage t is secur$ by a   

/ructure or dwell+ unit t is locat$ )9 a
 c\nty t conta9s any /ructure or dwell+ 
unit t secures or secur$ a resid5tial   
mortgage loan t ! ,/ate 7or ! ,di/rict (
 ,columbia1 ! ,commonweal? ( ,pu]to     
,rico1 or any t]ritory or possession ( !
 ,unit$ ,/ates71 includ+ any ag5cy or   
political subdivision !re(1 obta9$ dur+ 
! prec$+ #abj mon?s by ex]cise ( ! p[] (
 em95t doma94  7,b7 ,= purposes ( ?is   
p>agraph1 ! t]m resid5tial mortgage loan
 means a mortgage loan t is evid5c$ by a
 promissory note & secur$ by a mortgage1
 de$ ( tru/1 or o!r security in/rum5t on
 a resid5tial /ructure or a dwell+ unit 
9 a resid5tial /ructure4 ,su* t]m       
includes a fir/ mortgage loan or any    
subord9ate mortgage loan4  4  7b7       
,fr$die ,mac ,subsection 7a7 ( section  
#cje ( ! ,f$]al ,home ,loan ,mortgage   
,corporation ,act 7#ab ,u4,s4,c4        
#aded7;a77 is am5d$ by add+ at ! end !  
foll[+ new p>agraph3  7#f7 7,a7 ,not)/&+
 any o!r provision ( law1 ! ,corporation
 may n pur*ase any mortgage t is secur$ 

by a /ructure or dwell+ unit t is locat$
 )9 a c\nty t conta9s any /ructure or   
dwell+ unit t secures or secur$ a       
resid5tial mortgage loan t ! ,/ate 7or !
 ,di/rict ( ,columbia1 ! ,commonweal? ( 
,pu]to ,rico1 or any t]ritory or        
possession ( ! ,unit$ ,/ates71 includ+  
any ag5cy or political subdivision !re(1
 obta9$ dur+ ! prec$+ #abj mon?s by     
ex]cise ( ! p[] ( em95t doma94  7,b7 ,= 
purposes ( ?is p>agraph1 ! t]m          
resid5tial mortgage loan means a        
mortgage loan t is evid5c$ by a         
promissory note & secur$ by a mortgage1 
de$ ( tru/1 or o!r security in/rum5t on 
a resid5tial /ructure or a dwell+ unit 9
 a resid5tial /ructure4 ,su* t]m        
includes a fir/ mortgage or any         
subord9ate mortgage4  4  7c7 ,,fha      
,title ,v ( ! ,national ,h\s+ ,act 7#ab 
,u4,s4,c4 #agca;a et seq47 is am5d$ by  
add+ at ! end ! foll[+ new section3     
#edc4 ,prohibition relat+ to use ( p[] (
 em95t doma9  7a7 ,9 g5]al ,not)/&+ any 
o!r provision ( law1 ! ,secret>y may n  

newly insure "u ?is ,act any mortgage t 
is secur$ by a /ructure or dwell+ unit t
 is locat$ )9 a c\nty t conta9s any     
/ructure or dwell+ unit t secures or    
secur$ to a resid5tial mortgage loan t !
 ,/ate 7or ! ,di/rict ( ,columbia1 !    
,commonweal? ( ,pu]to ,rico1 or any     
t]ritory or possession ( ! ,unit$       
,/ates71 includ+ any ag5cy or political 
subdivision !re(1 obta9$ dur+ ! prec$+  
#abj mon?s by ex]cise ( ! p[] ( em95t   
doma94  7b7 ,def9ition ,= purposes ( ?is
 section1 ! t]m resid5tial mortgage loan
 means a mortgage loan t is evid5c$ by a
 promissory note & secur$ by a mortgage1
 de$ ( tru/1 or o!r security in/rum5t on
 a resid5tial /ructure or a dwell+ unit 
9 a resid5tial /ructure4 ,su* t]m       
includes a fir/ mortgage or any         
subord9ate mortgage4  4  7d7 ,dep>tm5t (
 ,agriculture ,section #eja ( ! ,h\s+   
,act ( #aidi 7#db ,u4,s4,c4 #adga7 is   
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7k7 ,prohibition relat+ to 
use ( p[] ( em95t doma9  7#a7 ,9 g5]al  

,not)/&+ any o!r provision ( law1 !     
,secret>y may n newly gu>antee1 make1 or
 insure "u ?is title any mortgage t is  
secur$ by a /ructure or dwell+ unit t is
 locat$ )9 a c\nty t conta9s any        
/ructure or dwell+ unit t secures or    
secur$ to a resid5tial mortgage loan t !
 ,/ate 7z su* t]m is def9$ 9 section    
#ejb7;h77#ab771 includ+ any ag5cy or    
political subdivision !re(1 obta9$ dur+ 
! prec$+ #abj mon?s by ex]cise ( ! p[] (
 em95t doma94  7#b7 ,def9ition ,=       
purposes ( ?is subsection1 ! t]m        
resid5tial mortgage loan means a        
mortgage loan t is evid5c$ by a         
promissory note & secur$ by a mortgage1 
de$ ( tru/1 or o!r security in/rum5t on 
a resid5tial /ructure or a dwell+ unit 9
 a resid5tial /ructure4 ,su* t]m        
includes a fir/ mortgage or any         
subord9ate mortgage4  4