To make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA and to prevent foreclosures on FHA borrowers, and for other purposes.
FHA Foreclosure Prevention Act of 2018 This bill amends the National Housing Act to expand foreclosure-prevention measures for homes insured by the Federal Housing Administration. Specifically, the bill revises requirements concerning insurance benefits, mortgage-servicer oversight, complaint procedures, and notice to borrowers.
Administrative law and regulatory proceduresCivil actions and liabilityCongressional oversightGovernment studies and investigationsHousing finance and home ownershipLife, casualty, property insurance
To make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA and to prevent foreclosures on FHA borrowers, and for other purposes.
USA115th CongressHR-5555| House
| Updated: 4/18/2018
FHA Foreclosure Prevention Act of 2018 This bill amends the National Housing Act to expand foreclosure-prevention measures for homes insured by the Federal Housing Administration. Specifically, the bill revises requirements concerning insurance benefits, mortgage-servicer oversight, complaint procedures, and notice to borrowers.
Administrative law and regulatory proceduresCivil actions and liabilityCongressional oversightGovernment studies and investigationsHousing finance and home ownershipLife, casualty, property insurance