H.R. 1852 would modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers.
Detailed Summary
Expanding American Homeownership Act of 2007 - (Sec. 3) Amends the National Housing Act (Act) to: (1) modify requirements governing the maximum principal loan obligation, changing it to 125% of the median one-family house price in the area; (2) extend the mortgage term from 35 to 40 years; and (3) revise eligibility criteria for cash down payment for mortgage insurance.
Requires the Secretary of Housing and Urban Development (HUD), with respect to cash down payments, to consider as cash or its equivalent any amounts gifted by a family member, the mortgagor's employer or labor union, or a qualified home ownership assistance entity, but only if there is no obligation on the part of the mortgagor to repay the gift.
(Sec. 6) Sets forth eligibility criteria governing mortgage insurance premiums for zero- and lower-down payment borrowers who obtain a mortgage secured by a one- to four-family dwelling occupied as a principal residence.
(Sec. 7 ) Distinguishes standard risk mortgages secured by a one- to four-family dwelling from higher-risk mortgages.
Authorizes the Secretary to: (1) establish underwriting standards for higher-risk mortgages for mortgagors with a credit score equivalent to a FICO score of less than 560; (2) provide for flexible premium rate variations according to the credit risk associated with the type of mortgage product being insured; and (3) create certain payment incentives, both discretionary and mandatory.
(Sec. 10) Makes certain borrower protections, including mortgagee disclosures and mortgagor counseling, particularly foreclosure prevention counseling, mandatory for higher risk mortgages.
(Sec. 11) Requires the Secretary to: (1) establish underwriting standards governing insurance of mortgage loans; and (2) take actions to facilitate the availability of mortgage loans insured under this Act that are made for the purpose of paying or prepaying outstanding obligations under existing mortgages.
(Sec. 12) Instructs the Secretary to submit in annual reports to Congress: (1) the rates of default and foreclosure for mortgages insured pursuant to certain mortgage insurance programs; and (2) loss mitigation actions.
(Sec. 13) Permits an increase of up to 25% in the maximum mortgage amount that may be insured to account for the increased cost of a residence due to an increased need of space for locating and operating a licensed or certificated child care facility.
(Sec. 14) Replaces the General Insurance Fund with the Mutual Mortgage Insurance Fund (MMI Fund) with respect to funds received and disbursements made in connection with certain rehabilitation loans.
(Sec. 16) Permits the Secretary to insure any mortgage covering a one-family unit in a condominium if the project of which it is part has a certain HUD-insured blanket mortgage. Extends the insurable mortgage term from 35 to 40 years.
Includes among insurable multifamily projects those in which the dwelling units are manufactured housing units, semi-detached or detached.
(Sec. 17) Revises requirements for the MMI Fund, specifying operating goals among other things. Requires an annual independent actuarial study of the Fund.
(Sec. 18) Makes insurance of a Native Hawaiian or Indian reservation mortgage the obligation of the MMI Fund (instead of the General Insurance Fund).
(Sec. 20) Eliminates the limitation placed upon the aggregate number of home equity conversion mortgages insured under the Act.
Authorizes the Secretary to insure a home equity conversion mortgage when its primary purpose is to enable an elderly mortgagor to purchase a one- to four-family dwelling in which the mortgagor will occupy one of the units.
Directs the Secretary to: (1) establish specified limits on the origination fee that may be charged to a mortgagor; and (2) study and report to Congress regarding mortgage insurance premiums charged for insurance of home equity conversion mortgages to determine the effects of reducing such premiums upon costs to mortgagors, and upon the financial soundness of the program.
(Sec. 21) Revises: (1) requirements for participation by mortgage brokers and correspondent lenders in the mortgage insurance program; and (2) mortgage insurance eligibility criteria.
Extends the meaning of "mortgagee" to mortgage brokers and correspondent lenders who post a bond of between $50,000 and $100,000 (indexed annually), as determined by the Secretary, in lieu of existing net worth and annual audit requirements.
Directs the Comptroller General to study and report to Congress regarding the effect of such revised requirements upon increased participation by mortgage brokers and correspondent lenders in mortgage insurance programs under this Act.
(Sec. 22) Authorizes the Secretary to enter into agreements, for a certain period, to insure up to 100% of certain mortgages for a single family residence located in a major disaster area.
(Sec. 23) Establishes penalties for failure by a mortgage and escrow account servicer to make required payments from escrow accounts (for taxes, insurance premiums, and other charges) in the case of a HUD-insured mortgage for a one- to four-family residence.
Prohibits the Secretary from submitting any information to a consumer reporting agency regarding such failure that is adverse to the mortgagor's credit rating or interest.
(Sec. 24) Restricts acceptable forms of identification for FHA mortgagors to: (1) a social security card with photo identification or REAL ID Act identification; (2) a passport; or (3) a U.S. Citizenship and Immigration Services identification card.
(Sec. 25) Directs the Secretary to implement a pilot program to establish an automated process for borrowers without sufficient credit history.
Directs the Comptroller General to report to Congress regarding: (1) the number of additional mortgagors served using such automated process; and (2) the impact of such process and the insurance of mortgages pursuant to it on the safety and soundness of the insurance funds under the Act of which such mortgages are obligations.
(Sec. 26) Expresses the sense of Congress that the Secretary should report to Congress on the use of a portion of the funds received from premiums paid for FHA single family housing mortgage insurance that are in excess of the amounts paid out in claims to increase substantially the funding for FHA technology to bring it to the level and sophistication of technology used in the conventional mortgage lending market.
(Sec. 27) Increases maximum FHA multifamily housing mortgage limits in high cost areas from 140% of the basic loan limit to 170% and, on a project-by-project basis, to 215%.
(Sec. 28) Authorizes appropriations for FY2008 for discount sales of multifamily real properties.
(Sec. 29) Exempts from the requirements, limitations, and prohibitions of subtitle A (FHA Asset Disposition) of title II of the Deficit Reduction Act of 2005, and the amendments made by such title, any multifamily real property transaction for which: (1) the Secretary has received, before the Act's enactment, written expressions of interest in purchasing the property from both a city government and its housing commission; (2) the Secretary acquires title to the property at a foreclosure sale after receipt of such expressions of interest; and (3) such city government and housing commission have resolved a previous disagreement with respect to the disposition of the property.
(Sec. 30) Amends the Deficit Reduction Act of 2005 to prohibit the Secretary from selling multifamily real property through any discount sale during FY2011, or any multifamily loan through a discount loan sale during such fiscal year, unless the property or loan is sold for an amount that is equal to or greater than 60% of the property market value or loan market value, respectively.
(Sec. 31) Authorizes appropriations from the negative credit subsidy for mortgage insurance programs resulting from this Act for: (1) single family housing mortgage insurance; (2) housing counseling; (3) mortgage insurance technology, procedures, processes, program performance, and salaries; and (4) an affordable housing fund.
Conditions such authorization for a fiscal year upon certification by the Secretary that mortgage insurance premiums charged during it: (1) are established at the minimum amount sufficient to comply with the requirements for the MMI capital ratio; and (2) ensure the safety and soundness of the other mortgage insurance funds under such Act. Requires any such negative credit subsidy to ensure adequately the efficient delivery and availability of the mortgage insurance programs.
Requires the Secretary to study and report to Congress on how best to update and upgrade mortgage insurance program procedures and technologies so that the policies and procedures for originating, insuring, and servicing of mortgages conform with those customarily used by secondary market purchasers of residential mortgage loans.
(Sec. 32) Sets limitations upon mortgage insurance premium increases.
(Sec. 33) Amends the National Housing Act to establish civil money penalties for improperly influencing property appraisals.
(Sec. 34) Instructs the Secretary to provide refunds of unearned premium charges paid for mortgage insurance to or on behalf of otherwise refund-eligible mortgagors whose mortgages were closed before December 8, 2004, and endorsed on or after such date.
Authorizes appropriations.
Status of the Legislation
Latest Major Action: 9/19/2007: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Points in Favor
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Points Against
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Visitor Comments
Tom Grove
April 22, 2007, 8:50am (report abuse)The part of this bill that deals with Reverse Mortgages is vital concern to those of us turning 62. The current legislation allowing same will expire on 9/30/07 so it is extremely important to pass this legislation before the deadline.
A. Olivo
May 2, 2007, 2:21pm (report abuse)This bill has good intentions in that it seeks to make FHA a real financing option in high cost areas where the current low FHA loan limit precluded many from using FHA and were forced to use subprime financing. However, it fails highlight the possibility of using FHA with a non-profit downpayment (NDPA) gift. By using the gift, the FHA marginal buyer has an instant safety net for the should they have to sell unexpectantly. This bill would allow a buyer to finance about 103% of the value of their home into the loan. In this declining market, these riskier borrowers can hardly afford to be in a negative equity situation from the very beginning.
J. Le Francois
June 29, 2007, 4:42pm (report abuse)As a loan officer for Reverse Mortgages I can tell you that a reverse mortgage can change lives. The lending caps per county should be removed in favor of the Hud lending cap of $417,000.00. Two homeowners live in two different counties and both have the same value house one gets $93,000 less because of the lending caps is unfair.This is a true example and is hard to explain why they are intitled to less when their house is worth more.
Nancy D.
July 13, 2007, 3:19pm (report abuse)I appreciate the comments of J. Le Francois, as many seniors in a county with lower limits suffer although the value of their property matches one in a nearby region. Also if Reverse Mortgages are no longer backed by the Government of the United states there will no longer be a standard to do business. If that were to happen businesses would ramp up programs that might not serve the need of the public, namely the senior public. Congress must vote on this bill to ensure the lively hood of some of its most patriotic citizens. Those from the WWII era, and baby boomers.
Fran Markowitz
July 23, 2007, 11:40am (report abuse)One Major Flaw in the Reverse mortgage provisions that should be addressed and i do not see it in the new Bill is the fact that the condominium must have a reserve fund and many of them do not this has kept many eligible people out of the reverse mortgage system
jim flanary
July 26, 2007, 9:03am (report abuse)Can someone tell me where this bill sits at the present time and what the chances are that it will pass?
I believe that approval is needed to allow more people to access the benefits.
Dee
August 7, 2007, 2:05pm (report abuse)Please hurry and pass this bill. I am a senior who pays 75% of my income on a mortgage that is constantly going up. I need help fast because I don't want to lose my house that I've been in for 23 years. Thank you.
Sharon Roddy
August 10, 2007, 10:41am (report abuse)I hope I live long enough to see this bill passed! What happened last year? I have been struggling since 1993 to maintain my HUD approval for my small mortgage company. Many of my broker friends have already thrown in the towel. I hope I don't have to.
Oliver
August 13, 2007, 3:07pm (report abuse)For those who do not know: In order to provide an FHA mortgage, a mortgage broker must have audited financial performed every year which is very expensive ($4000 plus in most cases.) This makes continuing to do FHA business a yearly decision. The FHA loan is, for many, the best mortgage loan possible for many, many people. Unfortunately, many people either do not purchase a house or use non-conforming loans (and therefore, much higher rates) in order to purchase their house because the FHA program is not available to the lender or broker that they go to.
Scott
August 18, 2007, 4:43pm (report abuse)As a mortgage broker and living in a retirement area, I believe this bill is dearly needed. Too many people are being forced out of their homes because of higher insurance and taxes and not enough income to pay for them. Leaving the family home is very traumatic for many seniors. This leads to bad things happening to them. The audit is expensive too. Thanks Oliver. Hopefully the bond will be less. The more originators of FHA's the better for the consumer.
Shari
September 11, 2007, 10:00am (report abuse)The addition of the home purchase option with the HECM is going to make a huge difference for many seniors. So many seniors are living in paid for homes in "less than safe" areas. At the time they bought their homes (30-40 yrs ago) they were in wonderful neighborhoods, but time and flight to the suburbs have drastically changed the face of their neighborhoods. With the existing policies the homeowners have to do two mortgage transactions in order to take advantage of the HECM loan. They have to buy a new home with the proceeds of their old home and take on a mortgage to make up for the difference in housing prices. That mortgage can then be refinanced with a HECM. It's time consuming and costly to the homeowner to have to do two seperate transactions. Also the increased loan limits (proposed) will allow the senior homeowner to buy homes in more upscale neighborhoods near their children or other family members in nicer (and safer) neighborhoods.
Wade
September 11, 2007, 1:24pm (report abuse)As a responsible mortgage broker House Bill 1852 is crucial to my survival. Only a handful of mortgage brokers can afford the hefty audit fees associated with FHA/HUD approval process. Congress will do this country a great favor by passing H.R. 1852. I disagree with lowering the bond requirement with the approval process. Moving the bond requirement up to $75k is the RIGHT thing to do. This will eliminate some brokers with less than perfect performance histories from obtaining the bond.... in turn this will help clean up our industry.
Mike Irvin
September 11, 2007, 7:04pm (report abuse)With the meltdown in the mortgage industry, this bill would be a godsend for many mortgage brokers. Many good mortgage brokers have stayed away from originating FHA loans due to the cost of the annual audit. This bill makes sense for so many good reasons.
Mary Ann
September 17, 2007, 10:36am (report abuse)I am looking for a date when this will be voted on. Does anyone have inside information on that?
Congressional Update
September 17, 2007, 11:42am (report abuse)To help answer Mary Ann's question..... here is the CONGRESSIONAL QUARTERLY MIDDAY UPDATE:
CQ TODAY MIDDAY UPDATE
Sept. 14, 2007 – 1:26 p.m.
House to Tackle Housing Crisis With Bill Liberalizing FHA Insurance...
Seeking to ease the mortgage crunch now squeezing American homeowners, the House next week will consider legislation to allow the Federal Housing Administration to come to the aid of subprime borrowers facing foreclosure....
The bill (HR 1852) seeks to modernize FHA’s mortgage insurance, once widely used by homebuyers but overtaken in recent years by more flexible offerings of private lenders.....
The House Rules Committee will meet Monday to decide how many amendments to make in order when the legislation reaches the floor later in the week....
Source: CQ Today Midday Update
Political Clippings compiled from BNN Frontrunner and CQ Politics.com.
© 2007 Congressional Quarterly Inc. All Rights Reserved
ElaineKramer
September 17, 2007, 8:41pm (report abuse)I believe that Reverse Mortgages for Seniors is just plain nutty. Both husband and wife must be 62.
Do you all realize how many people are living into their 80's and 90's. By giving these folks a reverse mortgage the will be short by 5 or 6 years of the governments idea of how long people are living today is just plain insanity.
Better to have these folks downsize and take advantage of having a paid up home and money in the bank for living, traveling, etc.
Reverse mortgages are rip-offs.
Mary Ann
September 18, 2007, 8:23am (report abuse)Thank you for the Congressional Update information. That is very helpful.
Jonah
September 18, 2007, 4:04pm (report abuse)Wade are you crazy? Uping the required bond? Thats only going to put the large broker that hires on all these loan officers and pushes them to CHARGE CHARGE CHARGE in the business and keep out the independent small broker like myself doing the right things for people and keeping the market in line. Not eating away equity with fees and points.
I bet you werent for the RESPA disclosure act as well right?
Im sure you fought to kill that bill..
How bout lets put that back in the works and the consumer knows what your really about.
Hows that WADE.?
Wade
September 18, 2007, 5:22pm (report abuse)Jonah, your make a valid point.... but something has to be done to help with our PR nightmare that I read about in all the major newspapers. I believe that the insurance (bond) underwriters are tough on the bond qualifications. My record is spotless with the state, a super credit score, good assets and a clean criminal record.... yet it was still tough to get my 100k bond. If you don't have these things, you WON'T have an easy time getting the bond. My idea will only hurt the un-ethical giant that has been wacking peoples heads off (with fees) for years.
Blaming the brokers for this mess is like blaming the grocery store for selling liquor. We sold what the lenders wanted to buy.... nothing more.
Good luck Johah
Jason
September 18, 2007, 6:34pm (report abuse)The bill passed out the House this afternoon. It waits Senate action.
Mary Ann
September 18, 2007, 10:09pm (report abuse)I am anxiously waiting full passage. Looks like it will happen.
Wade
September 19, 2007, 3:33pm (report abuse)Everyone keep your fingers crossed!
Hawaii
September 20, 2007, 1:26pm (report abuse)When do you expect this bill to pass Senate and be signed off by President so FHA can implement new application procedures
Major
September 20, 2007, 2:40pm (report abuse)Wade:
From what company did you get your 100k bond? Where can I find the requirements? Thanks
Wade
September 20, 2007, 9:30pm (report abuse)Major, I will check, and then post it for you.
Wade
September 20, 2007, 9:33pm (report abuse)It came out of committee with a couple of changes (which I like). One change is that you can now borrow up to the appraised value of a home. I take that as to similar to the RHS loan???? What do you think?
Also, I am not sure if the Bill must now go back to the House to be voted on again, or what? I think it does..... not sure.
shawn
September 20, 2007, 11:15pm (report abuse)This bill will allow for people to take out a 40 year loan? If you can't afford a house get a better job or rent! 35 years is to long if you can't afford to do it in 20 then get a better job or rent!
Lorraine
September 21, 2007, 7:20am (report abuse)how does this affect the reverse mortgage - we live in florida
Tami E
September 26, 2007, 12:22pm (report abuse)I can't figure out why no one at my office or lender is aware that this is a good thing. When does it got to the Senate..anyone know?
Major
September 26, 2007, 3:26pm (report abuse)Here is the best web site I have seen with up-to-date info on the FHA reform legislation. Senate Banking committee reportedly passed it last week, now it must apparently be passed by entire Senate, and then on to joint committee approval,etc.(copy&paste)
http://slcrealestate.blogspot.com/search/label/fha%20loan
Debra
September 27, 2007, 11:01am (report abuse)HR 1852 has passed both the House and the Senate, with changes. It's now in subcommittee. Any idea when it's expected out of committe and to the President for signature?
Lorraine
October 5, 2007, 9:05am (report abuse)has anyone heard anything further regarding this bill?
EJ
October 9, 2007, 4:55pm (report abuse)I have not seen any news that indicates the Senate Committee has made any approval or recommendations for change to HR 1852. Anyone have a link that gives this information?
Gizmo
October 10, 2007, 10:10am (report abuse)This will help many people and Mortgage brokers too. People need to get refinanced before these ARMS adjust upward forcing people out of their homes. So many people chose ARMS to save $ 50 a month on their payments thinking rates would stay low and values would continue to rise. Wrong.
phil
October 25, 2007, 4:02pm (report abuse)Senator Dodd, the head of the senate committee said 10/24 that they have to work on the bill hr 1852. With him running for president i don't have much hope. The senate goes on vacation 11/25. We should all email him to get to work!
Lorraine
October 30, 2007, 7:54pm (report abuse)Does anyone know status of hr 1852 or when it is suppose to be voted on
ronnie
October 31, 2007, 4:07pm (report abuse)The bill has passed the House and the Senate Banking Committee.It is expected to come to a vote in the Senate in late Dec.
warnockagency c0m
November 7, 2007, 3:48pm (report abuse)I field calls everyday from mortgage brokers asking about the $75,000 FHA surety bond. Brokers need this bill passed to help refinance many customers on ARMs. Without the FHA market, we will see a great wave of foreclosures in the next 12 months.
WK
November 14, 2007, 12:02pm (report abuse)It looks like Senator Dodd has come up with an "original" bill that will modernize FHA.
The bill is S.2338
As of 1pm, 11/14/2007 there is no text of this bill. It should be out in the next 24 hours.
Joanne
November 15, 2007, 5:23am (report abuse)I'm hoping this bill passes soon.
The senate is supposed to vote in December?
What is the likelyhood that this will pass.
Dan
November 16, 2007, 7:40am (report abuse)Would this bill also increase the single family home limit.
I keep seeing multifamily.
Gloria La Mantia
November 18, 2007, 9:32am (report abuse)My aunt is 93 years old and needs the equity in her home. she only has enought $ to live on until May 2008. Please pass this bill. She may have to live on the state. If this bill passes.She can live for 2 more years in her home, with caregivers and food,utilitys. God Bless You! Her Niece
Gloria
November 19, 2007, 10:37am (report abuse)Will this bill go before the full senate before they go on vacation? does anyone know exactly when they go on vaction? What is the local commiteee? How soon if it is signed, does it become available?
Frank I
November 20, 2007, 10:27am (report abuse)It will be a nice Christmas present if this bill is passed soon.Many seniors and baby boomers will benefit greatly and have a much better life with thewe have left.
Junior
November 21, 2007, 2:00pm (report abuse)If this bill is not passed and time runs out.Do they have to start over again.with the foreclosures now and Paulson saying that 2008 will be worst. you might thing passing this bill will be a top priority.Unless they want millionsof empty homes
Tom
November 21, 2007, 7:03pm (report abuse)Senator Coburn from Oaklahoma blocked unanimous Senate consideration of the bill. [FHA bills always seem to stall in the Senate] See more details in my blog entry HERE:
http://oregonhousing.blogspot.com/2007/11/dr-no-stalls-fha-modernization-bill.html
frank I
November 26, 2007, 1:27pm (report abuse)I think Tom's right.It looks like this bill will stall also.If they wait until after the 2008 elections to do anything it might be unfixable.Not to mention the empty homes An condos.All we can do is hope someone will step up.
Mark
November 26, 2007, 5:48pm (report abuse)I received a call from Dick Durbins office last Friday stating that the the Bill was given the number S2338 and will be placed on the senate legislative calendar #481.
John S
December 4, 2007, 7:53pm (report abuse)Everyone email Harry Reid to get S2338 scheduled for immediate debate. Unfortunately a few Republican Senators are demanding further review of this bill.
Alan
December 12, 2007, 11:19pm (report abuse)PLEASE PASS THIS BILL!!
Joanne
December 14, 2007, 3:44pm (report abuse)And Senator Dodd's bill (S2338) The FHA Modernization Act of 2007, which passed today.
Under S2325 which is stuck in committee: loan limits would have been increased to 100% of the median home price in the area.
Under S2338, which passed: loan terms are extended from 30 to 40 years, downpayments are lowered from 3% to 1.5%...
and the FHA loan limits are raised in expensive markets from $362,790 to $417,000. In less expensive markets, from $200,160 to $271,050.
frank I
December 18, 2007, 8:37am (report abuse)Now that they raised the loan limit to 417,000 in expensive areas.does that mean you can borrow more to pay your existing mortgage off,if you were short before the bill passed. Any one know? Thanks
John S
December 26, 2007, 3:57pm (report abuse)Loan limits are not yet settled. The House bill has substantially higher loan limits in high cost areas. We might see a compromise between the House and Senate bill and get loan limits of $500,000 or more. It ain't over till....
Frank I
December 27, 2007, 7:14am (report abuse)Thanks John S. That would be nice
WK
December 27, 2007, 12:22pm (report abuse)Although I am glad that the house bill has passed the Senate I feel that NAMB has failed miserably.
For years NAMB has been trying to make it easier for brokers to do FHA loans. Once again, during the BEST time in recent history NAMB failed. (continued)
WK
December 27, 2007, 12:24pm (report abuse)I hope that everyone that is a member of NAMB will recognize that under the presidency of NAMB President George Hanzimanolis, this failed. Way to go George! You wasted the MOST opportunistic time in history UNDER YOUR WATCH! Bravo! (NAMB is worthless)
MStoddard
January 12, 2008, 9:54pm (report abuse)How can a person find out when this bill is to be voted on by the Senate? This bill is crucial to the survival of small mortgage broker businesses in order to compete and offer everything available to thier customers. It was supposed to be voted on and signed by the President in January. I can't find out what the status is. Can someone give me that information?
north carolina
January 15, 2008, 7:03pm (report abuse)Does anyone know when this bill will be singed by the president?i
naples fl.
January 16, 2008, 3:45pm (report abuse)Is this bill a done deal.Or are they going to drag they feet until it runs out again.
John S
January 23, 2008, 4:45pm (report abuse)Barney Frank, chairman of the House Financial Services Committee holding news conference 1-24-08 to discuss agenda for 2008. Maybe he will announce progress on S2338 which now is part of the Bush stimulus plan.
Business Owner
January 25, 2008, 11:35am (report abuse)A properly managed business should have no problem completing FHA annual audited financials, or minimum net worth requirements. This is a strong indicator of your long term commitment to your employees, and our industry.
Small Broker
January 29, 2008, 1:58pm (report abuse)Business Owner - Completing the auditing and being able to afford it is two seperate items. These costs are getting passed on to the clients regardless of size of company.
John S
February 8, 2008, 3:37pm (report abuse)02/08/2008 Stimulus Plan done. Higher loan limits will help the forward and reverse mortgage borrower in high cost areas. HUD will put out notification after bill signed by president, could be a month or more before you can close so get applications, counseling certs etc, etc started. S2338 the FHA Modernization Bill still needs to pass in order to help the rest who do not have a "high cost area" problem. The stimulus plan is only a short term solution ending in December 2008.
A Olivo
March 2, 2008, 8:23pm (report abuse)Update: Negotiations are underway. Cross your fingers!
Gloria
March 6, 2008, 1:34am (report abuse)Pray! for a miracle! My Aunt runs out of money in May 2008.
Ron B
June 11, 2008, 1:14pm (report abuse)Does anyone know when H.r. 1852 is scheduled for a vote in the Senate?