House committee votes to end FHA Short Refi program

House committee votes to end FHA Short Refi program

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March 15, 2011. Now, as part of our current Congress’ lip service toward budget cutting, many wish to cut the FHA Short Refi Program (as well as HAMP and the Neighborhood Stablization Program). In a 256-171 vote, The House chose to defund the program (the vote fell largely along party lines and the bill is unexpected to pass through the Senate;

Republican Party calls for significant changes to housing in 2016 House committee votes to end FHA Short Refi program MBA: Lenders need to cooperate with Congress Congress may now finally be gearing up to reform government-sponsored enterprises fannie Mae and freddie mac. senate banking committee chairman Mike Crapo (R-ID) released an outline.

Housing Wire – "House committee votes to end FHA Short Refi" (3-3-11) "The House Financial Services Committee voted Thursday to end two new programs that would provide assistance to troubled homeowners. If passed, one bill will end the Federal Housing Administration’s Short Refi program, which assists underwater homeowners with new.

In the case of the new FHA short refinance program we fail to see the benefit to lenders for participating. Normally the only time a lender would seriously consider participating in a principal write-down is if the only choices left to them were to foreclose on a property or to grant a short refinance.

The mayor recruited Giffords to run when he led the Democratic Congressional Campaign Committee. A couple weeks before the City Council vote in June. in Washington and status as Obama’s first White.

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In the near future, Gorsuch’s vote. will end. Case in point: the HUD’s Community Development Block Grant (CDBG) program would absorb $3 billion of HUD’s proposed $6.2 billion agency cut, which is.

Looking to refinance. Lender (GMAC) has my current loan. They are offering me a program called "Short Refinance." they say they will "forgive" the difference of $546,250 and my current loan (approximately $70,000) with this program. They are telling me the $70,000 is NOT taxable income, due to filing a 1099C form and this Short Refinance.

Meanwhile, the House is scheduled to vote on separate legislation that would kill a principal reduction/modification program created by the Federal Housing Administration. (Debate on the measures begins Thursday afternoon.) Both the HAMP and FHA Short Refinancing termination bills are expected to die in the Democratic-controlled Senate.

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