House committee votes to end FHA Short Refi program

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On Thursday, the House Financial Services Committee passed, by a 33-22 vote, legislation to eliminate the Federal Housing Administration’s (fha) short-refinance program and put the brakes on $1 billion of funding designed to assist unemployed borrowers. The bills will be opened to the House floor next week.

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112th Congress Report HOUSE OF REPRESENTATIVES 1st Session 112-25 ===== FHA REFINANCE PROGRAM TERMINATION ACT _____ March 7, 2011.–Committed to the Committee of the Whole House on the State of the Union and ordered to be printed _____ Mr. Bachus, from the Committee on Financial Services, submitted the following R E P O R T together with DISSENTING VIEWS [To accompany H.R. 830] [Including cost.

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The House Financial Services Committee today will mark up four bills designed to gut foreclosure prevention programs.. End the FHA short refinance program.

The House Financial Services Committee today will mark up four bills designed to gut foreclosure prevention programs. No other legislation is being proposed to fill the gap and help the estimated.

The House of Representatives voted Thursday to terminate the Federal Housing Administration’s Short Refi program. The House Financial Services Committee cleared the bill, H.R. 830, last week. The.

"This is not the end of the housing crunch," said Jared. "How effective can the FHA refinancing program be in light of how slow and ineffective mortgage servicers have been so far?" said Alys Cohen.

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CFPB and Vendor Management Webinars; FHA/VA News; Brexit Primer – FHA & VA news? You can’t ignore those programs, and in fact Ginnie Mae, where the lion’s share of FHA & VA loans wind up, guarantees $1.6 trillion of mortgage. Committee to find out how the.