Relevant:
- Two Housing Bills Set to Become Law
- hope now loan modifications top 1.5 million
- Sen. Merkley's Proposal Seeks to Bring Back First Time Homebuyer Tax Credits, Simplify Loan Mods and Provide BK Judges With Cram-Down Power
- New $3bn Foreclosure Prevention Program Added to Wall Street Reform Bill
- DeMarco Outlines Justification against GSE Principal Reduction
2009-05-20 — realestaterama.com
The bill amends the HOPE for Homeowners Program, to (a) permit reduction of excessive fee levels, (b) provide greater incentives for mortgage servicers to engage in modifications under the Program, and (c) reduce administrative burdens to loan underwriters by making the requirements more consistent with standard FHA practices.
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