HR 5072 RFS 
SEC. 13. AUTHORIZATION TO PARTICIPATE IN THE ORIGI-
NATION OF FHA-INSURED LOANS. 
(a) SINGLE FAMILY MORTGAGES.—Section 203(b) of 
the National Housing Act (12 U.S.C. 1709(b)) is amended 
by striking paragraph (1) and inserting the following new 
paragraph: 
‘‘(1) Have been made to a mortgagee approved 
by the Secretary or to a person or entity authorized 
by the Secretary under section 202(d)(1) to partici-
pate in the origination of the mortgage, and be held 
by a mortgagee approved by the Secretary as re-
sponsible and able to service the mortgage prop-
erly.’’. 
(b) HOME EQUITY CONVERSION MORTGAGES.—Sec-
tion 255(d) of the National Housing Act (12 U.S.C. 
1715z–20(d)) is amended by striking paragraph (1) and 
inserting the following new paragraph: 
‘‘(1) have been originated by a mortgagee ap-
proved by, or by a person or entity authorized under 
section 202(d)(1) to participate in the origination 
by, the Secretary;’’. 
SEC. 14. DEFAULT AND ORIGINATION INFORMATION BY 
LOAN SERVICER AND ORIGINATING DIRECT 
ENDORSEMENT LENDER. 
(a) COLLECTION OF INFORMATION.—Paragraph (2) 
of section 540(b) of the National Housing Act (12 U.S.C. 
VerDate Mar 15 2010 
21:13 Jun 11, 2010
Jkt 089200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6201
E:\BILLS\H5072.RFS
H5072
jlentini on DSKJ8SOYB1PROD with BILLS
HR 5072 RFS 
1712 U.S.C. 1735f–18(b)(2)) is amended by adding at the 
end the following new subparagraph: 
‘‘(C) For each entity that services insured 
mortgages, data on the performance of mort-
gages originated during each calendar quarter 
occurring during the applicable collection pe-
riod, disaggregated by the direct endorsement 
mortgagee from whom such entity acquired 
such servicing.’’. 
(b) APPLICABILITY.—Information described in sub-
paragraph (C) of section 540(b)(2) of the National Hous-
ing Act, as added by subsection (a) of this section, shall 
first be made available under such section 540 for the ap-
plicable collection period (as such term is defined in such 
section) relating to the first calendar quarter ending after 
the expiration of the 12-month period that begins on the 
date of the enactment of this Act. 
SEC. 15. THIRD PARTY SERVICER OUTREACH. 
(a) AUTHORITY.—The Secretary of Housing and 
Urban Development may, to the extent any amounts for 
fiscal year 2010 or 2011 are made available in advance 
in appropriation Acts for reimbursements under this sec-
tion, provide reimbursement to servicers of covered mort-
gages (as such term is defined in subsection (f)) for costs 
of obtaining the services of independent third parties 
VerDate Mar 15 2010 
21:13 Jun 11, 2010
Jkt 089200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6201
E:\BILLS\H5072.RFS
H5072
jlentini on DSKJ8SOYB1PROD with BILLS
HR 5072 RFS 
meeting the requirements under subsection (b) of this sec-
tion to make in-person contact with mortgagors under cov-
ered mortgages whose payments under such mortgages are 
60 or more days past due, solely for the purposes of pro-
viding information to such mortgagors regarding— 
(1) available counseling by housing counseling 
agencies approved by the Secretary; 
(2) available mortgage loan modification, refi-
nance, and assistance programs; and 
(3) available counseling regarding financial 
management and credit risk. 
(b) QUALIFIED INDEPENDENT THIRD PARTIES.—An 
independent third party meets the requirements of this 
subsection if the third party— 
(1) is an entity, including a housing counseling 
agency approved by the Secretary, that meets stand-
ards, qualifications, and requirements (including re-
garding foreclosure prevention training, quality mon-
itoring, safeguarding of non-public information) es-
tablished by the Secretary for purposes of this sec-
tion for in-person contact about available mortgage 
loan modification, refinance, and assistance pro-
grams; and 
(2) does not charge any fees or require other 
payments, directly or indirectly, from any mortgagor 
VerDate Mar 15 2010 
21:13 Jun 11, 2010
Jkt 089200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H5072.RFS
H5072
jlentini on DSKJ8SOYB1PROD with BILLS
HR 5072 RFS 
for making in-person contact and providing informa-
tion and documents under this section. 
(c) TREATMENT OF PERSONAL, NON-PUBLIC, AND 
CONFIDENTIAL
INFORMATION.—An independent third 
party whose services are obtained using amounts made 
available for use under this section and the mortgage 
servicer obtaining such services shall not use, disclose, or 
distribute any personal, non-public, or confidential infor-
mation about a mortgagor obtained during an in-person 
contact with the mortgagor, except for purposes of engag-
ing in the process of modification or refinance of the cov-
ered mortgage. 
(d) DATE OF CONTACT AND DISCLOSURES.—Each 
independent third party whose services are obtained by a 
mortgage servicer using amounts made available for use 
under this section shall— 
(1) initiate in-person contact with a mortgagor 
not later than 10 days after the date upon which 
payments under the covered mortgage of the mort-
gagor become 60 days past due; and 
(2) upon making in-person contact with a mort-
gagor, provide the mortgagor with a written docu-
ment that discloses— 
VerDate Mar 15 2010 
21:13 Jun 11, 2010
Jkt 089200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H5072.RFS
H5072
jlentini on DSKJ8SOYB1PROD with BILLS
HR 5072 RFS 
(A) the name of, and contact information 
for, the independent third party and the mort-
gage servicer; 
(B) that the independent third party has 
contracted with the mortgage servicer to pro-
vide the in-person contact at no charge to the 
mortgagor; 
(C) that the independent third party is an 
agent of the mortgage servicer; 
(D) that the in-person contact with the 
mortgagor consists of providing information 
about available counseling by a housing coun-
seling agency approved by the Secretary and 
available mortgage loan modification, refinance, 
and assistance programs; 
(E) that the independent third party and 
the mortgage servicer are prohibited from the 
use, disclosure, or distribution of personal, non- 
public, and confidential information about the 
mortgagor, obtained during the in-person con-
tact, except for purposes of engaging in the 
process of modification or refinance of the cov-
ered mortgage; 
(F) any other information that the Sec-
retary determines should be disclosed. 
VerDate Mar 15 2010 
21:13 Jun 11, 2010
Jkt 089200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H5072.RFS
H5072
jlentini on DSKJ8SOYB1PROD with BILLS