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HR 37 111th Congress House Housing and Community Development Housing and community development funding Housing finance and home ownership

Systematic Foreclosure Prevention and Mortgage Modification Act

Introduced: January 6, 2009 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2009
Referred to the House Committee on Financial Services.
Jan 6, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Systematic Foreclosure Prevention and Mortgage Modification Act - Directs the Chairperson of the Federal Deposit Insurance Corporation (FDIC) to establish a systematic foreclosure prevention and mortgage modification program by: (1) paying mortgage servicers $1,000 to cover expenses for each loan modified according to specified standards; and (2) sharing up to 50% of any losses incurred if a modified loan should subsequently re-default.

What's happening now January 6, 2009

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 73 Identical bill Systematic Foreclosure Prevention and Mortgage Modification Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4
D
Clarke, Yvette D.
New York · Jan 6, 2009
 D
Cleaver, Emanuel
Missouri · Jan 6, 2009
 D
Green, Al
Texas · Jan 6, 2009
Hodes, Paul
· Jan 6, 2009
 D
Velázquez, Nydia M.
New York · Jan 6, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 37: Systematic Foreclosure Prevention and Mortgage Modification Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-37/
MLA
"H.R. 37: Systematic Foreclosure Prevention and Mortgage Modification Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-37/.
Bluebook (legal)
H.R. 37, 111th Cong. (2026), https://openamerica.io/bill/111-HR-37/.
Markdown link
[H.R. 37: Systematic Foreclosure Prevention and Mortgage Modification Act](https://openamerica.io/bill/111-HR-37/)
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