House committee votes to end FHA Short Refi program

House committee votes to end FHA Short Refi program – The FHA Short Refi program launched in September, and the EHLP wasn’t set to accept applications until sometime this spring. Both bills that propose ending these programs are expected to reach the.

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House votes to end FHA Short Refi – HousingWire – The House voted 256 to 171 to kill the program. The House of Representatives voted Thursday to terminate the Federal Housing Administration’s Short Refi program. The House Financial Services.

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Senators press for mass mortgage refi plan | Homeloanspearlandtx – Republican Party calls for significant changes to housing in 2016 House committee votes to end FHA Short Refi program MBA: Lenders need to cooperate with Congress Congress may now finally be gearing up to reform government-sponsored enterprises fannie Mae and freddie mac. senate banking committee chairman Mike Crapo (R-ID) released an outline.

House Committee Votes to Cut Emergency Lending Programs – The House Financial Services committee voted 33-22 along straight party lines to kill EHLP and one other foreclosure prevention program, the FHA’s Short Refi Option. of the subject property and.

House Committee Votes to Cut Emergency Lending Programs – The House Financial Services Committee voted 33-22 along straight party lines to kill EHLP and one other foreclosure prevention program, the FHA’s Short Refi Option. The latter was designed to.

Committee Approves FHA Housing And Homeowner Retention Act. – The House Financial Services Committee has approved H.R.5830, the Federal Housing Administration (FHA) Housing and Homeowner Retention Act, by a bipartisan vote of 46 to 21. The legislation, authored by Committee chairman barney frank, will expand the FHA program to help refinance at-risk borrowers into viable mortgages.

Government Refinance Assistance – While the idea was admirable, the execution was a failure. The idea of the FHA short refinance program was to give lenders some incentive to avoid foreclosing on distressed, underwater homeowners by refinancing them in to an FHA loan at the current market value of the home.

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Issue Brief: Overcoming Legal Barriers to the Bulk Sale of At-Risk Mortgages – Legislation introduced last week by House Financial Services Committee Chairman Barney Frank (D-MA) would direct the Federal Reserve Board to conduct a study of the need for an auction or bulk.

Genpact Mortgage Services to lay off 65 employees in. – – The House Financial Services Committee has approved H.R.5830, the Federal Housing Administration (FHA) Housing and Homeowner Retention Act, by a bipartisan vote of 46 to 21. The legislation, authored by Committee Chairman Barney Frank, will expand the FHA program to help refinance at-risk borrowers into viable mortgages.

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