H.R. 6460 (111th): Transparency and Security in Mortgage Registration Act of 2010

Nov 30, 2010 (111th Congress, 2009–2010)
Died (Referred to Committee)
Marcy Kaptur
Representative for Ohio's 9th congressional district
Read Text »
Last Updated
Nov 30, 2010
13 pages
Related Bills
H.R. 2425 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jul 06, 2011


This bill was introduced on November 30, 2010, in a previous session of Congress, but was not enacted.

Introduced Nov 30, 2010
Referred to Committee Nov 30, 2010
Full Title

To prohibit Fannie Mae, Freddie Mac, and Ginnie Mae from owning or guaranteeing any mortgage that is assigned to the Mortgage Electronic Registration Systems or for which MERS is the mortgagee of record.


No summaries available.

2 cosponsors (2D) (show)

House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Transparency and Security in Mortgage Registration Act of 2010 - Amends the National Housing Act to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from purchasing, acquiring, newly lending on the security of, newly investing in securities consisting of, or otherwise newly dealing in any Mortgage Electronic Registration System, Inc. (MERS) mortgage or mortgages.
Prohibits the Government National Mortgage Association (Ginnie Mae) from newly guaranteeing the payment of principal of or interest on any trust certificate or other security based or backed by a trust or pool that contains, or purchase or acquire, any MERS mortgage.
Directs Fannie Mae, Freddie Mac, and Ginnie Mae to require all their current MERS mortgages to be assigned to the proper servicer, holder, or creditor.
Directs the Secretary of Housing and Urban Development (HUD) to study and report to Congress to analyze and determine:
(1) the impacts of the lack of electronic records and uniform standards found in local land title recordation systems currently used in the various states;
(2) any progress states have made in developing electronic land title recordation systems containing uniform standards;
(3) the current oversight role of the federal government in the transfer and recordation of land titles; and
(4) the feasibility of creating a federal land title recordation system for property transfers that would maintain all previous records of the land-property without invalidating, interfering with, or preempting state real property law governing the transfer and perfection of land title.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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