To require enhanced reporting regarding certain loans guaranteed by the Mutual Mortgage Insurance Fund.

SA 4454. Mr. BROWNBACK submitted an amendment intended to be proposed
by him to the bill H.R. 3221, moving the United States toward greater
energy independence and security, developing innovative new
technologies, reducing carbon emissions, creating green jobs,
protecting consumers, increasing clean renewable energy production, and
modernizing our energy infrastructure, and to amend the Internal
Revenue Code of 1986 to provide tax incentives for the production of
renewable energy and energy conservation; which was ordered to lie on
the table; as follows:

On page 12, at the end of line 22, add the following: ``The
report shall also include an evaluation of the quality
control procedures and accuracy of information utilized in
the process of underwriting loans guaranteed by the Fund.
Such evaluation shall include a review of the risk
characteristics of loans based not only on borrower
information and performance, but on risks associated with
loans originated or funded by various entities or financial
institutions.''.
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