US HB37 | 2009-2010 | 111th Congress
Status
January 6 2009 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Systematic Foreclosure Prevention and Mortgage Modification Act - Directs the Chairperson of the Federal Deposit Insurance Corporation (FDIC) to establish a systematic foreclosure prevention and mortgage modification program by: (1) paying mortgage servicers $1,000 to cover expenses for each loan modified according to specified standards; and (2) sharing up to 50% of any losses incurred if a modified loan should subsequently re-default.
Title
Systematic Foreclosure Prevention and Mortgage Modification Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-06 | Referred to the House Committee on Financial Services. |
Same As/Similar To
SB73 (Same As) 2009-01-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S73-74)
Subjects
Housing and community development
Housing and community development funding
Housing finance and home ownership
Housing and community development funding
Housing finance and home ownership
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN00037:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-111hr37ih/pdf/BILLS-111hr37ih.pdf |
