To authorize the Secretary of Housing and Urban Development to make temporary mortgage assistance loans to save the homes of unemployed homeowners who are delinquent on their mortgage payments.
Temporary Mortgage Assistance Loan Act of 2009 - Authorizes the Secretary of Housing and Urban Development (HUD) to make available, in the form of monthly payments, temporary mortgage assistance loans to mortgagees or mortgage servicers of qualified homeowners who are in default on their mortgages.
Prescribes conditions, time periods and repayment terms.
Directs the Secretary of the Treasury to make certain funds that remain unobligated under the Emergency Economic Stabilization Act of 2008 (EESA) available to the Secretary to implement this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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