FHA Refinance Program Termination Act

Bill: 112-hr-830
Sponsor: Rep. Dold, Robert J. [R-IL-10]
Introduced: 2011-02-28 in the House
Policy area: Housing and Community Development
Subjects: Appropriations
Government lending and loan guarantees
Housing and community development funding
Housing finance and home ownership

Summary:
action_date: 2011-02-28
text: 
FHA Refinance Program Termination Act - Rescinds and permanently cancels all unexpended funding remaining available and allocated for the Federal Housing Administration (FHA) Refinancing Program of the Making Home Affordable initiative of the Secretary of the Treasury, and terminates the program.

action_date: 2011-03-07
text: 
FHA Refinance Program Termination Act - Rescinds and permanently cancels all unexpended funding remaining available and allocated for the Federal Housing Administration (FHA) Refinancing Program of the Making Home Affordable initiative of the Secretary of the Treasury (under which borrowers owing more on their mortgage than the value of their home are provided opportunities to refinance into a FHA loan). Terminates the program.
 
Directs the Secretary of Housing and Urban Development (HUD) to study: (1) the extent to which the FHA Refinancing Program is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, or Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations; and (2) the impact of the program on such homeowners. 

action_date: 2011-03-10
text: 
FHA Refinance Program Termination Act - Rescinds and permanently cancels all unexpended funding remaining available and allocated for the Federal Housing Administration (FHA) Refinancing Program of the Making Home Affordable initiative of the Secretary of the Treasury (under which borrowers owing more on their mortgage than the value of their home are provided opportunities to refinance into a FHA loan). Terminates the program.
 
Requires all such unobligated balances so rescinded and permanently canceled to be retained in the general fund of the Treasury for reducing the debt of the federal government.
 
Directs the Secretary of Housing and Urban Development (HUD) to study: (1) the extent to which the FHA Refinancing Program is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations, or members or veterans with service-connected injuries (and their survivors and dependents); and (2) the impact of the program on such homeowners. 
 
Directs the HUD Secretary to publish a statement on the HUD website as to: (1) termination of the FHA Short [
sic
] Refinance Program; and (2) the availability of a Member of Congress to assist any borrower having trouble paying a mortgage and needing help contacting the borrower's lender or servicer to negotiate or acquire a loan modification.


Legislative actions:
action_date: 2011-03-14
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2011-03-10
text: The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 830.
action_date: 2011-03-10
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2011-03-10
text: On passage Passed by recorded vote: 256 - 171 (Roll no. 171).
action_date: 2011-03-10
text: Passed/agreed to in House: On passage Passed by recorded vote: 256 - 171 (Roll no. 171).
action_date: 2011-03-10
text: On motion to recommit with instructions Failed by recorded vote: 185 - 243 (Roll no. 170).
action_date: 2011-03-10
text: The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H1703)
action_date: 2011-03-10
text: DEBATE - The House proceeded with 10 minutes of debate on the Deutch motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments which provide a continuation of the provisions of the program for senior homeowners.
action_date: 2011-03-10
text: Mr. Deutch moved to recommit with instructions to Financial Services. (consideration: CR H1702-1704; text: CR H1702)
action_date: 2011-03-10
text: The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
action_date: 2011-03-10
text: The previous question was ordered pursuant to the rule. (consideration: CR H1702)
action_date: 2011-03-10
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 830.
action_date: 2011-03-10
text: UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
action_date: 2011-03-10
text: POSTPONED PROCEEDINGS - The Chair put the question on adoption of the Waters amendment and by voice vote, announced that the ayes had prevailed. Mrs. Biggert demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Waters amendment number 6, as modified, under the five-minute rule.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on pro forma amendments under the five-minute rule.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Garamendi amendment number 7 under the five-minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Holt amendment number 8 under the five-minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Inslee amendment number 14 under the five-minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Loretta Sanchez amendment in the nature of a substitute number 15 under the five minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Waters amendment number 5 under the five minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - The Committee of the Whole proceeded with debate on pro forma amendments under the five-minute rule.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Inslee amendment number 12 under the five minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Paulsen amendment number 4 under the five minute rule.
action_date: 2011-03-10
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Lynch amendment, the Chair put the question on adoption of the amendment and by voice vote announced the noes had prevailed. Mr. Frank (MA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Lynch amendment number 3 under the five-minute rule.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Fitzpatrick amendment number 11 under the five minute rule.
action_date: 2011-03-10
text: DEBATE - Pursuant to the provisions of H.Res. 150, the Committee of the Whole proceeded with debate on the Maloney amendment number 9 under the five minute rule, pending reservation of a point of order.
action_date: 2011-03-10
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 830.
action_date: 2011-03-10
text: The Speaker designated the Honorable Charles F. Bass to act as Chairman of the Committee.
action_date: 2011-03-10
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 150 and Rule XVIII.
action_date: 2011-03-10
text: Rule provides for consideration of H.R. 830 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
action_date: 2011-03-10
text: Considered under the provisions of rule H. Res. 150. (consideration: CR H1678-1704; text of Section 1 as reported in House: CR H1686; text of Section 2 as reported in House: CR H1690; text of Section 3 as reported in House: CR H1690)
action_date: 2011-03-09
text: Rule H. Res. 150 passed House.
action_date: 2011-03-08
text: Rules Committee Resolution H. Res. 150 Reported to House. Rule provides for consideration of H.R. 830 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
action_date: 2011-03-07
text: Placed on the Union Calendar, Calendar No. 13.
action_date: 2011-03-07
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 112-25.
action_date: 2011-03-07
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 112-25.
action_date: 2011-03-03
text: Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 22.
action_date: 2011-03-03
text: Committee Consideration and Mark-up Session Held.
action_date: 2011-03-02
text: Committee Hearings Held.
action_date: 2011-02-28
text: Referred to the House Committee on Financial Services.
action_date: 2011-02-28
text: Introduced in House
action_date: 2011-02-28
text: Introduced in House