IB 
Union Calendar No. 13 
112TH CONGRESS 
1ST SESSION 
H. R. 830 
[Report No. 112–25] 
To rescind the unobligated funding for the FHA Refinance Program and 
to terminate the program. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 28, 2011 
Mr. DOLD (for himself, Mr. BACHUS, and Mrs. BIGGERT) introduced the 
following bill; which was referred to the Committee on Financial Services 
MARCH 7, 2011 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
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A BILL 
To rescind the unobligated funding for the FHA Refinance 
Program and to terminate the program. 
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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 ‘‘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there are rescinded and permanently canceled all unex-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. 
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. 
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(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. 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘FHA Refinance Pro-
gram Termination Act’’. 
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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 unexpended 
balances remaining available as of such date of enactment 
of the amounts made available under title I of the Emer-
gency 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 Develop-
ment) of the Making Home Affordable initiative of the Sec-
retary of the Treasury. 
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 De-
velopment 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 enactment 
of this Act shall continue to be governed by the Mortgagee 
Letter specified in subsection (a) of this section, and any 
other provisions of law, regulations, orders, and notices, ap-
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Union Calendar No. 13 
112TH CONGRESS 
1ST SESSION 
H. R. 830 
[Report No. 112–25] 
A BILL 
To rescind the unobligated funding for the FHA 
Refinance Program and to terminate the program. 
MARCH 7, 2011 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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