,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #hib  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ca1        
#bjbe,mr4 ,ryan introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services1 and 
in addition to the ,committee on        
,veterans' ,affairs1 for a period to be 
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to require the heads of     
certain agencies to disclose information
 about loans insured and guaranteed by  
such agencies1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,mortgage ,rate ,reduction ,act4
  #b4 ,sense of the ,congress ,it is the
 sense of the ,congress that-- 7#a7 the 
,assistant ,secretary for the ,office of
 ,housing and ,federal ,housing         
,commissioner should1 acting through the
 ,federal ,housing ,administration1     
insure second mortgages under section   

#bjc of the ,national ,housing ,act for 
properties for which the ,federal       
,housing ,administration has insured a  
first mortgage1 to facilitate the       
assumption of such first mortgage by a  
subsequent purchaser of such property2  
7#b7 the ,secretary of ,agriculture     
should guarantee loans for eligible     
housing under section #ejb7;h7 of the   
,housing ,act of #aidi that are second  
mortgages if the ,secretary of          
,agriculture insures the loan that is   
the first mortgage against such eligible
 housing1 to facilitate the assumption  
of such first mortgage by a subsequent  
purchaser of such eligible housing2 and 
7#c7 the ,secretary of ,veterans        
,affairs should insure and guarantee    
real estate housing loans secured by    
second liens under subchapter ,i of     
chapter #cg of title #ch1 ,united       
,states ,code1 if the ,secretary of     
,veterans ,affairs insures the first    
lien against such real estate1 to       
facilitate the assumption of the first  

mortgage against such real estate by a  
subsequent purchaser of such real       
estate4  #c4 ,insurance for secondary   
mortgages  7a7 ,federal ,housing        
,administration  7#a7 ,in general       
,section #bja7;a7 of the ,national      
,housing ,act 7#ab ,u4,s4,c4 #agjg7;a77 
is amended-- 7,a7 by striking a first   
mortgage each place it occurs and       
inserting a first mortgage or second    
mortgage2 and  7,b7 by striking secured 
thereby4 and inserting the following3   
secured thereby2 and the term second    
mortgage means1 with respect to real    
estate against which there is a first   
mortgage that has been insured under    
section #bjc1 such classes of second    
liens as are commonly given to secure   
advances on1 or the unpaid purchase     
price of1 real estate1 under the laws of
 the ,state in which the real estate is 
located1 together with the credit       
instrument1 if any1 secured thereby4    
7#b7 ,conforming amendments ,section    
#bjc of the ,national ,housing ,act 7#ab

 ,u4,s4,c4 #agji7 is amended by striking
 first mortgage each place it occurs and
 inserting first mortgage or second     
mortgage4  7b7 ,department of ,veterans 
,affairs ,section #cgjc7;d77#c7 of title
 #ch1 ,united ,states ,code1 is         
amended-- 7#a7 in subparagraph 7,a71 by 
striking first lien and inserting first 
lien or second lien2 and  7#b7 by adding
 at the end the following new           
subparagraph3  7,c7 ,a real estate      
housing loan may only be secured by     
second lien if the ,secretary insures or
 guarantees the first lien on such real 
estate4  4  #d4 ,disclosure of          
information about loans guaranteed and  
insured  7a7 ,loans insured by the      
,federal ,housing ,administration ,the  
,assistant ,secretary for the ,office of
 ,housing and the ,federal ,housing     
,commissioner shall1 not later than #a  
year after the date of the enactment of 
this section1 publish on a public       
website a list of all properties for    
which the ,federal ,housing             

,administration has insured a mortgage  
under section #bjc of the ,national     
,housing ,act that includes the         
following information for each property 
insured3 7#a7 ,the address of the       
property against which there is a       
mortgage insured by the ,federal        
,housing ,administration4  7#b7 ,the    
date of the origination of the mortgage 
that is insured by the ,federal ,housing
 ,administration4  7b7 ,loans insured by
 the ,department of ,agriculture ,the   
,secretary of ,agriculture shall1 not   
later than #a year after the date of the
 enactment of this section1 publish on a
 public website a list of all properties
 for which the ,department of           
,agriculture has guaranteed loan under  
section #ejb7;h7 of the ,housing ,act of
 #aidi that includes the following      
information for each loan insured3 7#a7 
,the address of the property against    
which there is a loan guaranteed by the 
,department of ,agriculture4  7#b7 ,the 
date of the origination of the loan that

 is guaranteed by the ,department of    
,agriculture4  7c7 ,loans insured by the
 ,secretary of ,veterans ,affairs ,the  
,secretary of ,veterans ,affairs shall1 
not later than #a year after the date of
 the enactment of this section1 publish 
on a public website a list of all       
properties for which the ,department of 
,veterans ,affairs has insured or       
guaranteed a housing loan under         
subchapter ,i of chapter #cg of part    
,,iii of title #ch1 ,united ,states     
,code1 that includes the following      
information for each housing loan       
insured or guaranteed3 7#a7 ,the address
 of the property against which there is 
a housing loan insured or guaranteed by 
the ,department of ,veterans ,affairs4  
7#b7 ,the date of the origination of the
 housing loan that is insured or        
guaranteed by the ,department of        
,veterans ,affairs4