House committee votes to end FHA Short Refi program

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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.

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.

HUD extends deadline for unemployed mortgage assistance Funds to help states administer unemployment benefits. department of Housing and Urban Development: 95 percent of the 8,709 employees would go home. (Those in charge of guaranteeing mortgages at.

The House Financial Services Committee voted Thursday to scrap two foreclosure relief programs – one that gives underwater homeowners a federal refinancing option through FHA’s Short Refi Program.

Paul Ryan, a Wisconsin Republican and chairman of the House Budget Committee, said the president. Fee” to help pay for the bank bailout program and a home-mortgage refinance initiative. Obama would.

The House Financial Services Committee has agreed to end the FHA’s short refinance program for homeowners facing foreclosure. The vote was 33 in favor and 22 against the proposal. To become law the bill must also be passed by the House, the Senate and then signed by the President.

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House Speaker John Boehner (R-Ohio) said Sunday that he and other House Republicans are opposed to the two-month payroll tax cut deal. before the end of the year. In an appearance on NBC’s “Meet.

The FHA Short Refinance Option-Help For Non-FHA Borrowers. The program is not open-ended-the original FHA press release announcing the start date of the FHA Short Refinance option says the program is expected to help as many as four million homeowners through the end of 2012. The FHA press release says the FHA Short Refinance program is voluntary.

The House Financial Services Committee voted 33-22 along straight party lines to kill EHLP and one other foreclosure prevention program, the FHA’s Short Refi Option. of the subject property and.