FHA In-Person Servicing Improvement Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 3, 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.
What just happenedJan 3, 2017
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJan 3, 2017
- Jan 3, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 3, 2017IntroReferralIntro-H
Introduced in House
- Jan 3, 2017IntroReferral1000
Introduced in House