House committee votes to end FHA Short Refi program

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The House Financial Services Committee (FSC) passed a clutch of bills this. Another FHA related bill, The Housing Financial Literacy Act (H.R. 2162), Arrivals (DACA) program (i.e. Dreamers) cannot be denied mortgage loans. a number of times since its inception in 1968, but only for short terms.

When Does It End? The Home Affordable Refinance Program ® has been extended! In an effort to enable more struggling homeowners to take advantage of the Home Affordable Refinance Program ®, we have extended the application deadline of the program to December 31, 2018.

March 14, 2011 (Shirley Allen) Wells Fargo & Co. CEO John Stumpf said that principal reductions could have a "huge impact" on Freddie Mac and Fannie Mae and that such a strategy could entice homeowners to default on their current loans in order to get a better deal, echoing the worries made last week by Bank of America chief executive Brian T. Moynihan.

Federal Housing Administration (FHA) Short Refinance Program; and the National Foreclosure. Emergency Homeowners Loan Program (EHLP), expired at the end of FY2011.. For example, in the 112th Congress, the House of Representatives passed a.. The bill was not considered by the Senate.

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Still no word from banks on their policies regarding HOPE loans (FHA short refi's). have a $417,000 low end no matter what the median housing price is in a county. Top Democrats on the U.S. House Financial Services Committee sent a letter to. Administration refinancing program that was included in the housing bill.

 · The votes today follow committee action last week to rescind two other housing aid programs, the Federal Housing Administration Short Refi Option, which seeks to.

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Shown Here: Passed House amended (03/10/2011) 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.

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.