US SB73 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 6 2009 - 25% progression, died in chamber
Action: 2009-01-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S73-74)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 6 2009 - 25% progression, died in chamber
Action: 2009-01-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S73-74)
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
| Sen. Dianne Feinstein [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-06 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S73-74) | |
| 2009-01-06 | Sponsor introductory remarks on measure. (CR S72-73) |
Same As/Similar To
HB37 (Same As) 2009-01-06 - Referred to the House Committee on Financial Services.
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 | https://www.congress.gov/bill/111th-congress/senate-bill/73/all-info |
| Text | https://www.congress.gov/111/bills/s73/BILLS-111s73is.pdf |
