A bill to make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA, 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.
Referred to the House Committee on Financial Services.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line