H.R.2815 - FHA In-Person Servicing Improvement Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Green, Al [D-TX-9] (Introduced 07/24/2013)|
|Committees:||House - Financial Services|
|Latest Action:||House - 07/24/2013 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.2815 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (07/24/2013)
FHA In-Person Servicing Improvement Act of 2013 - 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.