 H.R.2599
Inactive Reservists Foreclosure Prevention Act of 2007
To establish a program for the Secretary of Housing and Urban Development to provide financial assistance to certain homeowners experiencing temporary difficulty making home mortgage payments resulting from their call or order to active duty while a member of the Individual Ready Reserve of the Armed Forces or the inactive National Guard.
 5 Total PointsSubjects
Summary
Inactive Reservists Foreclosure Prevention Act of 2007 - Instructs the Secretary of Housing and Urban Development (HUD) to implement a mortgage assistance program through grants and loans for direct mortgage payments for the primary residential property of designated eligible households. Requires such mortgage assistance to be paid monthly directly to the mortgage servicer during the period that a member of the eligible household is serving on active duty for a period of more than 30 days in the Armed Forces, including extensions in the period of such active duty. Sets forth requirements governing: (1) grant assistance, repayment, and repayment in cases of foreclosure; and (2) application procedures. What do you think?
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Legislation Detail
 Viewed 263 times.
Legislation Slant
Latest Action:
Referred to House committee. Status: Referred to the House Committee on Financial Services.
This action occurred on Wednesday, June 6, 2007 and earned 5 points.
Legislative Progress
Introduced in the House on June 6, 2007
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