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H.R. 125

FHA In-Person Servicing Improvement Act of 2017

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.

Referred to the House Committee on Financial Services.

Rep. Green, Al [D-TX-9](D-TX)Sponsor
2 cosponsors2 D
2cosponsors1committees3actions2subjects
  1. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

FHA In-Person Servicing Improvement Act of 2017 — Informed