To make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA and to prevent foreclosures on FHA borrowers, and for other purposes.
FHA Foreclosure Prevention Act of 2018
This bill amends the National Housing Act to expand foreclosure-prevention measures for homes insured by the Federal Housing Administration. Specifically, the bill revises requirements concerning insurance benefits, mortgage-servicer oversight, complaint procedures, and notice to borrowers.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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