H.R. 3587 · 110th Congress
Homeowners' Emergency Mortgage Assistance Act
- Stage
- In committee
- Sponsor
- Chaka Fattah
- Introduced
- 2007-09-19
- Latest action
- 2007-09-19 · Introduced in House
Summary
Homeowners' Emergency Mortgage Assistance Act - Directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control.
Requires: (1) homeowner repayment of such assistance and interest; and (2) certain conditions to be met before legal action may be taken against a qualifying homeowner, including providing the homeowner with program notice.