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HR 3958 116th Congress House Housing and Community Development Administrative law and regulatory procedures Civil actions and liability Congressional oversight Government studies and investigations Housing finance and home ownership Life, casualty, property insurance

FHA Foreclosure Prevention Act of 2019

Introduced: July 25, 2019 Introduced by: Waters, Maxine Democratic · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2019
Referred to the House Committee on Financial Services.
Jul 25, 2019
Introduced in House
 Plain-English summary Congressional Research Service

FHA Foreclosure Prevention Act of 2019

This bill revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill

  • requires documentation from mortgage servicers of loss mitigation efforts,
  • provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers,
  • establishes a complaint procedure for borrowers regarding mortgage servicers, and
  • requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.
What's happening now July 25, 2019

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1