Long Title
RESOLUTION DIRECTING THE SENATE COMMITTEES ON URBAN PLANNING, HOUSING AND RESETTLEMENT; AND ACCOUNTABILITY OF PUBLIC OFFICERS AND INVESTIGATIONS TO IMMEDIATELY CONDUCT AN INVESTIGATION INTO THE NATIONAL HOME MORTGAGE FINANCE CORPORATION'S (NHMFC) AUCTION OF MORE THAN 53,000 DELINQUENT HOUSING LOANS TO DEUTCH BANK REAL ESTATE GLOBAL OPPORTUNITIES (GLOBAL) IN 2004 AND THE CONSEQUENT CREATION OF A JOINT VENTURE SPECIAL PURPOSE VEHICLE CALLED BALIKATAN HOUSING FINANCE INC. (BALIKATAN) WHICH OTHERWISE RESULTED IN HIGHER INTEREST RATES AND EXORBITANT DOWNPAYMENT HOUSING LOAN RESTRUCTURING SCHEME TANTAMOUNT TO A QUESTIONABLE PUBLIC SERVICE ACCOUNTABILITY PURSUANT TO CONSTITUTIONAL AND STATUTORY MANDATES
Short Title
INVESTIGATION: NATIONAL HONE MORTGAGE FINANCE CORPORATION'S (NHMFC)
Congress
Legislative History
Committee Report Senate Link
Date filed
May 26, 2009
Legislative History
Legislative History
Entitled: RESOLUTION DIRECTING THE SENATE COMMITTEES ON URBAN PLANNING, HOUSING AND RESETTLEMENT; AND ACCOUNTABILITY OF PUBLIC OFFICERS AND INVESTIGATIONS TO IMMEDIATELY CONDUCT AN INVESTIGATION INTO THE NATIONAL HOME MORTGAGE FINANCE CORPORATIONS (NHMFC) AUCTION OF MORE THAN 53,000 DELINQUENT HOUSING LOANS TO DEUTCH BANK REAL ESTATE GLOBAL OPPORTUNITIES (GLOBAL) IN 2004 AND THE CONSEQUENT CREATION OF A JOINT VENTURE SPECIAL PURPOSE VEHICLE CALLED BALIKATAN HOUSING FINANCE INC. (BALIKATAN) WHICH OTHERWISE RESULTED IN HIGHER INTEREST RATES AND EXORBITANT DOWNPAYMENT HOUSING LOAN RESTRUCTURING SCHEME TANTAMOUNT TO A QUESTIONABLE PUBLIC SERVICE ACCOUNTABILITY PURSUANT TO CONSTITUTIONAL AND STATUTORY MANDATES [ SECOND REGULAR SESSION, 14TH CONGRESS ] [ 2009 ] 5/26/2009 Introduced by Senator FRANCIS "CHIZ" G. ESCUDERO; 5/26/2009 Submitted to the Senate and Referred to the Committee(s) on ACCOUNTABILITY OF PUBLIC OFFICERS AND INVESTIGATIONS and URBAN PLANNING, HOUSING AND RESETTLEMENT; 7/6/2009 Conducted JOINT COMMITTEE MEETINGS/HEARINGS; 7/28/2009 Conducted JOINT COMMITTEE MEETINGS/HEARINGS;
Committees
Primary Committee
Secondary Committee
Committee Referral
Other Details
Issuance Category
Legislative Issuance Type
Legislative Status
Legislative Status Date
May 26, 2009
Session Sequence No.
80
Scope
Document Certification