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S.2279 - FHA Foreclosure Prevention Act of 2019116th Congress (2019-2020)

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Sponsor: Sen. Cortez Masto, Catherine [D-NV] (Introduced 07/25/2019)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 07/25/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)

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This bill has the status Introduced

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Summary: S.2279 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2279. Bill summaries are authored by CRS.

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Introduced in Senate (07/25/2019)

FHA Foreclosure Prevention Act of 2019

This bill revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill

  • requires documentation from mortgage servicers of loss mitigation efforts,
  • provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers,
  • establishes a complaint procedure for borrowers regarding mortgage servicers, and
  • requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.