FHA Foreclosure Prevention Act of 2019

Bill Number

HR 3958

Introduced

Jul 25, 2019

Latest Action

Referred to the House Committee on Financial Services.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Civil actions and liability Congressional oversight Government studies and investigations Housing and Community Development Housing finance and home ownership Life, casualty, property insurance

Full Text

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Summary

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.

Actions

Amendments

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