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To authorize a pilot program to improve asset recovery levels, asset management, and homeownership retention with respect to delinquent single-family mortgages insured under the FHA mortgage insurance programs by providing for in-person contact outreach activities with mortgagors under such mortgages, and for other purposes.

USA115th CongressHR-125| House 
| Updated: 1/3/2017
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (2)
Carolyn B. Maloney (Democratic)Eleanor Holmes Norton (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Financial Services.
  • January 3, 2017
    Introduced in House


  • January 3, 2017
    Referred to the House Committee on Financial Services.

Housing and Community Development

Government lending and loan guaranteesHousing finance and home ownership

To authorize a pilot program to improve asset recovery levels, asset management, and homeownership retention with respect to delinquent single-family mortgages insured under the FHA mortgage insurance programs by providing for in-person contact outreach activities with mortgagors under such mortgages, and for other purposes.

USA115th CongressHR-125| House 
| Updated: 1/3/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 3, 2017
Introduced in House
Jan 3, 2017
Referred to the House Committee on Financial Services.
  • January 3, 2017
    Introduced in House


  • January 3, 2017
    Referred to the House Committee on Financial Services.
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (2)
Carolyn B. Maloney (Democratic)Eleanor Holmes Norton (Democratic)

Financial Services Committee

Housing and Community Development

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesHousing finance and home ownership