H.R. 3587 would establish a program to assist homeowners experiencing unavoidable, temporary difficulty making payments on mortgages insured under the National Housing Act.

== Detailed Summary ==

<summary>
(Log in to editHomeowners' Emergency Mortgage Assistance Act - Directs the wikiSecretary of Housing and be the firstUrban Development to provideestablish a detailed summarymortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control.

Requires: (1) homeowner repayment of such assistance and interest; and (2) certain conditions to be met before legal action may be taken against a qualifying homeowner, including providing the bill!)homeowner with program notice.
</summary>

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== Status of the Legislation ==

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Latest Major Action: 9/19/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.
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== Points in Favor ==

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== Points Against ==

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