H.R. 125 · 115th Congress
FHA In-Person Servicing Improvement Act of 2017
- Stage
- In committee
- Sponsor
- Al Green
- Introduced
- 2017-01-03
- Latest action
- 2017-01-03 · Introduced in House
Summary
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.