H.R. 125 · 114th Congress
FHA In-Person Servicing Improvement Act of 2015
- Stage
- In committee
- Sponsor
- Al Green
- Introduced
- 2015-01-06
- Latest action
- 2015-01-06 · Introduced in House
Summary
FHA In-Person Servicing Improvement Act of 2015
Directs the Secretary 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.
Requires the Secretary to 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.