Providing amounts for the expenses of the Committee on House Administration in the One Hundred Fifteenth Congress.
- Last Action
- 2/14/2017
Actions
- 2017-01-03Referred to the House Committee on Financial Services.
- 2017-01-03Introduced in House
- 2017-01-03Introduced in House
CRS Summary
As of 2017-01-03 (00)
FHA In-Person Servicing Improvement Act of 2017
This bill directs the Department of Housing and Urban Development (HUD) to carry out a pilot program to use authority under the National Housing Act to pay insurance benefits to compensate a mortgagee for any costs of taking loss mitigation actions providing an alternative to foreclosure of a mortgage in default or facing imminent default.
HUD must make payments to a qualified entity or entities to compensate for their costs of making in-person contact with mortgagors whose payments under covered mortgages are more than 60 days past due.
Cosponsors (2)
- CAROLYN MALONEY (D-NY)
- ELEANOR NORTON (D-DC)
Subjects
- Government lending and loan guarantees
- Housing finance and home ownership
Sourced from Congress.gov (public domain).
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