I 
111TH CONGRESS 
2D SESSION 
H. R. 6069 
To ensure adequate funding for foreclosure mitigation counseling activities 
of the Neighborhood Reinvestment Corporation in connection with the 
Home Affordable Modification Program of the Secretary of the Treasury. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 30, 2010 
Mr. SARBANES introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To ensure adequate funding for foreclosure mitigation coun-
seling activities of the Neighborhood Reinvestment Cor-
poration in connection with the Home Affordable Modi-
fication Program of the Secretary of the Treasury. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Making Home Afford-
able Improvements Act’’. 
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SEC. 2. ALLOCATION OF MAKING HOME AFFORDABLE 
FUNDING FOR FORECLOSURE MITIGATION 
COUNSELING IN CONNECTION WITH HOME 
AFFORDABLE MODIFICATION PROGRAM AND 
HOME AFFORDABLE FORECLOSURE ALTER-
NATIVES PROGRAM. 
(a) FUNDING FOR FORECLOSURE MITIGATION COUN-
SELING.—From any amounts made available for carrying 
out the Making Home Affordable initiative of the Sec-
retary of the Treasury pursuant to title I of the Emer-
gency Economic Stabilization Act of 2008 (12 U.S.C. 
5211 et seq.), the Secretary shall provide assistance, in 
the amounts provided under subsection (c), to the Na-
tional Foreclosure Mitigation Counseling Program for 
foreclosure mitigation counseling activities in connection 
with the Home Affordable Modification Program (HAMP) 
of such initiative. 
(b) DISTRIBUTION OF ASSISTANCE.— 
(1) IN
GENERAL.—The National Foreclosure 
Mitigation Counseling Program shall distribute 
amounts received pursuant to subsection (a) to 
grantees in good standing in accordance with guide-
lines, policies, and procedures of the Program. 
(2) HOUSING
COUNSELING
AGENCY
ELIGI-
BILITY.—For a housing counseling agency to be eli-
gible to receive assistance from amounts received 
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pursuant to subsection (a), the agency must be a re-
cipient of funding from the National Foreclosure 
Mitigation Counseling Program. 
(c) FORMULA FOR FUNDING.—The amount provided 
under this subsection shall be an amount, for each mort-
gage modified under the Home Affordable Modification 
Program, as follows: 
(1) TRIAL
MODIFICATIONS.—For each mort-
gage for which a servicer or lender has entered into 
a trial modification under the Program with the bor-
rower, $500. 
(2) PERMANENT
MODIFICATIONS.—For each 
mortgage for which a servicer or lender has entered 
into a permanent modification under the Program 
with the borrower, $750. 
(3) HOME AFFORDABLE FORECLOSURE ALTER-
NATIVES PROGRAM.—For each mortgage for which 
the servicer or lender has agreed to an alternative to 
foreclosure under the Home Affordable Foreclosure 
Alternatives (HAFA) Program, $300. 
(d) ADMINISTRATIVE FEES.—The Neighborhood Re-
investment Corporation may use up to 15 percent of the 
amount allocated under subsection (a) for administrative 
expenses. 
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(e) USE OF FORECLOSURE MITIGATION COUNSELING 
FUNDS.—Not later than the expiration of the 180-day pe-
riod beginning on the date of the enactment of this Act, 
the Neighborhood Reinvestment Corporation shall estab-
lish a procedure by which the National Foreclosure Miti-
gation Counseling Program shall direct the amounts pro-
vided to such Program pursuant to this section to partici-
pating housing counseling agencies. 
(f) NATIONAL FORECLOSURE MITIGATION COUN-
SELING PROGRAM.—For purposes of this section, the term 
‘‘National Foreclosure Mitigation Counseling Program’’ 
means the program of the Neighborhood Reinvestment 
Corporation for mortgage foreclosure mitigation activities 
carried out pursuant to— 
(1) title III of division K of the Consolidated 
Appropriations Act, 2008 (Public Law 110–161; 
121 Stat. 2441); 
(2) section 2305 of the Housing and Economic 
Recovery Act of 2008 (42 U.S.C. 5301 note); 
(3) title III of division I of the Omnibus Appro-
priations Act, 2009 (Public Law 111–8; 123 Stat. 
9821); and 
(4) any other provision of law providing 
amounts to the Neighborhood Reinvestment Cor-
poration for such activities. 
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(g) GUIDELINES.—The Secretary of the Treasury 
shall revise the guidelines of the Making Home Affordable 
initiative and the Home Affordable Modification Program 
as necessary to carry out this section. 
SEC. 3. COLLECTION OF PROGRAM DATA AND DISCLOSURE 
TO SECRETARY OF HOUSING AND URBAN DE-
VELOPMENT. 
(a) COLLECTION
OF PROGRAM DATA.—The Sec-
retary of the Treasury shall revise the guidelines of the 
Home Affordable Modification Program (HAMP) of the 
Making Home Affordable initiative of the Secretary, au-
thorized under title I of the Emergency Economic Sta-
bilization Act of 2008 (12 U.S.C. 5211 et seq.), to provide 
for the collection, by the Secretary on a monthly basis 
from each mortgage servicer and lender participating in 
the Program, of comprehensive data on the activities of 
the servicer or lender under the Home Affordable Modi-
fication Program. Such comprehensive data shall identify 
the participating housing counseling agency, when applica-
ble, and shall include the following information: 
(1) The number of requests for mortgage modi-
fications under the Program that the servicer or 
lender has received. 
(2) The number of requests for mortgage modi-
fications under the Program that the servicer or 
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lender has received for mortgages for borrowers hav-
ing back-end debt-to-income ratios equal to or great-
er than 55 percent. 
(3) The number of requests for mortgage modi-
fications under the Program that the servicer or 
lender has processed. 
(4) The number of requests for mortgage modi-
fications under the Program that the servicer or 
lender has processed for mortgages for borrowers 
having back-end debt-to-income ratios equal to or 
greater than 55 percent. 
(5) The number of requests for mortgage modi-
fications under the Program for which the servicer 
or lender has entered into a trial modification with 
the borrower. 
(6) The number of requests for mortgage modi-
fications under the Program for which— 
(A) the servicer or lender has entered into 
a trial modification with the borrower; and 
(B) the borrower has a back-end debt-to- 
income ratio equal to or greater than 55 per-
cent. 
(7) The number of requests for mortgage modi-
fications under the Program for which the servicer 
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or lender has entered into a permanent modification 
with the borrower. 
(8) The number of requests for mortgage modi-
fications under the Program for which— 
(A) the servicer or lender has entered into 
a permanent modification with the borrower; 
and 
(B) the borrower has a back-end debt-to- 
income ratio equal to or greater than 55 per-
cent. 
(9) The number of requests for mortgage modi-
fications under the Program that the servicer or 
lender has denied. 
(10) The number of requests for mortgage 
modifications under the Program that the servicer or 
lender has denied for mortgages for borrowers hav-
ing back-end debt-to-income ratios equal to or great-
er than 55 percent. 
(b) DISCLOSURE
TO SECRETARY
OF HUD.—Not 
later than 14 days after each monthly deadline for submis-
sion of data by mortgage servicers and lenders partici-
pating in the Home Affordable Modification Program, the 
Secretary shall provide a report to the Secretary of Hous-
ing and Urban Development containing such monthly data 
collected by the Secretary of the Treasury from mortgage 
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servicers and lenders participating in the Program, includ-
ing the information specified in subsection (a). 
(c) PUBLIC AVAILABILITY.—Not later than 30 days 
after receipt by the Secretary of Housing and Urban De-
velopment of each monthly report pursuant to subsection 
(b), the Secretary of the Treasury shall make such report 
publicly available by means of a World Wide Web site of 
the Secretary and by submitting a report to the Congress. 
SEC. 4. DEFINITIONS. 
For purposes of this Act, the following definitions 
shall apply: 
(1) BACK-END
DEBT-TO-INCOME
RATIO.—The 
term ‘‘back-end debt-to-income ratio’’ means, with 
respect to the borrower under a mortgage for which 
a request for modification under the Home Afford-
able Modification Program or a modification under 
such Program has been made, the ratio of monthly 
payments due on all debts of the borrower (including 
mortgage principal, interest, taxes, and insurance, 
and all other recurring debt) to the gross monthly 
income of the borrower before any such modification 
under such Program, as further defined by the Sec-
retary in guidelines for the Home Affordable Modi-
fication Program. 
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