Maxine Waters said "At the end of the bill, add the following new section: SEC. 4. PUBLICATION OF MEMBER AVAILABILITY FOR ASSISTANCE. Not later than 5 days after the date of the enactment of this Act, the Secretary of Housing and Urban Development shall publish to its Website on the World Wide Web in a prominent location, large point font, and boldface type the following statement: ``The FHA Short Refinance Program, which would have provided borrowers who are current on their mortgage but owe more than their home is worth with the ability to refinance into an FHA loan with better terms, has been terminated. If you owe more on your mortgage than your home is worth, please contact your Member of Congress for assistance.''" @ PoliticalQuotes.com

On the recordMarch 10, 2011

At the end of the bill, add the following new section: SEC. 4. PUBLICATION OF MEMBER AVAILABILITY FOR ASSISTANCE. Not later than 5 days after the date of the enactment of this Act, the Secretary of Housing and Urban Development shall publish to its Website on the World Wide Web in a prominent location, large point font, and boldface type the following statement: ``The FHA Short Refinance Program, which would have provided borrowers who are current on their mortgage but owe more than their home is worth with the ability to refinance into an FHA loan with better terms, has been terminated. If you owe more on your mortgage than your home is worth, please contact your Member of Congress for assistance.''

Said by

Maxine Waters

Democratic · California

Source

govinfo.gov

Mar 10, 2011

Editor's note · Context

The speaker is proposing an amendment regarding the publication of information on the FHA Short Refinance Program.

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