SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘FHA Refinance Pro-
gram Termination Act’’. 
SEC. 2. RESCISSION OF FUNDING FOR FHA REFINANCE 
PROGRAM. 
Effective on the date of the enactment of this Act, 
there are rescinded and permanently canceled all unex-
pended balances remaining available as of such date of en-
actment of the amounts made available under title I of 
the Emergency Economic Stabilization Act (Public Law 
110–343; 12 U.S.C. 5211 et seq.) that have been allocated 
for use under the FHA Refinance Program (pursuant to 
Mortgagee Letter 2010–23 of the Secretary of Housing 
and Urban Development) of the Making Home Affordable 
initiative of the Secretary of the Treasury. All such unex-
pended balances so rescinded and permanently canceled 
shall be retained in the general fund of the Treasury for 
reducing the debt of the Federal Government. 
SEC. 3. TERMINATION OF FHA REFINANCE PROGRAM. 
(a) TERMINATION OF MORTGAGEE LETTER.—The 
Mortgagee Letter referred to in section 2 shall be void and 
have no effect and the Secretary of Housing and Urban 
Development may not issue any regulation, order, notice, 
or mortgagee letter based on or substantially similar to 
such Mortgagee Letter.
(b) TREATMENT OF REMAINING FUNDS.—Notwith-
standing subsection (a) of this section, any amounts made 
available for use under the Program referred to in section 
2 of this Act and expended before the date of the enact-
ment of this Act shall continue to be governed by the 
Mortgagee Letter specified in subsection (a) of this sec-
tion, and any other provisions of law, regulations, orders, 
and notices, applicable to such amounts, as in effect imme-
diately before such date of enactment. 
(c) TERMINATION.—After the enactment of this Act, 
the Secretary of Housing and Urban Development may 
not newly insure any mortgage under the FHA Refinance 
Program referred to in section 2 of this Act except pursu-
ant to a commitment to insure made before such enact-
ment, and upon the completion of all activities with re-
spect to such commitments under the provisions of law, 
regulations, orders, notices, and mortgagee letters referred 
to in subsection (b) of this section, the Secretary of Hous-
ing and Urban Development shall terminate the FHA Re-
finance Program referred to in section 2. 
(d) STUDY OF USE OF PROGRAM BY MEMBERS OF 
THE ARMED FORCES, VETERANS, GOLD STAR RECIPI-
ENTS, AND MEMBERS AND VETERANS WITH SERVICE- 
CONNECTED DISABILITIES AND THEIR FAMILIES.—
(1) STUDY.—The Secretary of Housing and 
Urban Development shall conduct a study to deter-
mine the extent of usage of the FHA Refinance Pro-
gram referred to in section 2 by, and the impact of 
such program on, covered homeowners. 
(2) REPORT.—Not later than the expiration of 
the 90-day period beginning on the date of the en-
actment of this Act, the Secretary shall submit to 
the Congress a report setting forth the results of the 
study under paragraph (1) and identifying best 
practices, with respect to covered homeowners, that 
could be applied to the FHA Refinance Program. 
(3) COVERED HOMEOWNER.—For purposes of 
this subsection, the term ‘‘covered homeowner’’ 
means a homeowner who is— 
(A) a member of the Armed Forces of the 
United States on active duty or the spouse or 
parent of such a member; 
(B) a veteran, as such term is defined in 
section 101 of title 38, United States Code; 
(C) eligible to receive a Gold Star lapel pin 
under section 1126 of title 10, United States 
Code, as a widow, parent, or next of kin of a 
member of the Armed Forces person who died
in a manner described in subsection (a) of such 
section; and 
(D) such members and veterans of the 
Armed Forces who have service-connected inju-
ries, and survivors and dependents of such 
members and veterans of the Armed Forces 
with such injuries. 
SEC. 4. PUBLICATION OF MEMBER AVAILABILITY FOR AS-
SISTANCE. 
Not later than 5 days after the date of the enactment 
of this Act, the Secretary of Housing and Urban Develop-
ment shall publish to its Website on the World Wide Web 
in a prominent location, large point font, and boldface type 
the following statement: ‘‘The FHA Short Refinance Pro-
gram, which was intended to provide borrowers with refi-
nance opportunities, has been terminated. If you are hav-
ing trouble paying your mortgage and need help con-
tacting your lender or servicer for purposes of negotiating 
or acquiring a loan modification, please contact your Mem-
ber of Congress to assist you in contacting your lender
or servicer for the purpose of negotiating or acquiring a 
loan modification.’’. 
Passed the House of Representatives March 10, 
2011. 
Attest: 
Clerk.