HR 125
115th Congress
House
Housing and Community Development
Government lending and loan guarantees
Housing finance and home ownership
FHA In-Person Servicing Improvement Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 2017
Referred to the House Committee on Financial Services.
Jan 3, 2017
Introduced in House
Plain-English summary
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's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1