A bill establish a program to assist homeowners experiencing unavoidable, temporary difficulty making payments on mortgages insured under the National Housing Act.
Homeowners' Emergency Mortgage Assistance Act - Directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control. Requires homeowner repayment of such assistance and interest.
Referred to the Subcommittee on Housing and Community Opportunity.
Introduced in Senate
Read twice and referred to the Committee on Banking.
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