I 
112TH CONGRESS 
1ST SESSION H. R. 3084 
To authorize the Director of the Federal Housing Finance Agency to tempo-
rarily increase the conforming loan limits for Fannie Mae and Freddie 
Mac that are applicable to high-cost sub-areas within counties. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 3, 2011 
Mr. QUIGLEY (for himself and Mr. DOLD) introduced the following bill; which 
was referred to the Committee on Financial Services 
A BILL 
To authorize the Director of the Federal Housing Finance 
Agency to temporarily increase the conforming loan lim-
its for Fannie Mae and Freddie Mac that are applicable 
to high-cost sub-areas within counties. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Mortgage Credit Avail-
ability Act of 2011’’. 
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SEC. 2. AUTHORITY FOR TEMPORARY CONFORMING LOAN 
LIMIT INCREASE FOR HIGH-COST SUB-AREAS. 
(a) FHFA DETERMINATION OF HIGH-COST SUB- 
AREAS.—For each of 2012, 2013, and 2014, the Director 
of the Federal Housing Finance Agency shall determine, 
for each county that has a population exceeding 1,000,000 
individuals, as determined based on information from the 
most recent decennial census conducted by the Bureau of 
the Census of the Department of Commerce, whether a 
significant share of the population of such county resides, 
as of the commencement of such year, in sub-areas of the 
county for which the median price for a 1-, 2-, 3-, or 4- 
family residence is more than three times the national me-
dian price for such size residence. 
(b) AUTHORITY TO INCREASE LOAN LIMITS FOR 
CERTAIN SUB-AREAS.—With respect to any county for 
which the Director makes the determination under sub-
section (a) for a year specified in such subsection, the Di-
rector shall strongly consider increasing and, subject to 
subsection (c) of this section, may increase, with respect 
to mortgages originated during such year, the limitation 
on the maximum original principal obligation of a mort-
gage that may be purchased by the Federal National 
Mortgage Association and the Federal Home Loan Mort-
gage Corporation that is otherwise in effect (under section 
302(b)(2) of the Federal National Mortgage Association 
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Charter Act (12 U.S.C. 1717(b)(2)) and section 305(a)(2) 
the Federal Home Loan Mortgage Corporation Act (12 
U.S.C. 1754(a)(2)), respectively, or any other applicable 
provision of law) for any size or sizes of residences for 
a contiguous, reasonably compact set of sub-areas within 
such county for which the median price for such size or 
sizes of residences exceeds three times the national median 
price for such size or sizes of residences; except that if 
such county is located within a Metropolitan Statistical 
Area, any such increase in such limitation on the max-
imum original principal obligation of a mortgage that may 
be so purchased shall apply to the entire Metropolitan Sta-
tistical Area. 
(c) GENERAL LIMITATION ON LOAN LIMITS.—In no 
case may the limitation on the maximum original principal 
obligation of a mortgage for any size residence that may 
be purchased by the Federal National Mortgage Associa-
tion or the Federal Home Loan Mortgage Corporation for 
a Metropolitan Statistical Area, county, or a sub-area of 
a county, as determined under this section, exceed the 
maximum dollar amount limitation for such size residence 
applicable to such Area, county, or sub-area pursuant to 
section 302(b)(2) of the Federal National Mortgage Asso-
ciation Charter Act or section 305(a)(2) the Federal 
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