the funding authorization you have already deleted in section 2. So there is no funds and there is no authorization for FHA to issue a letter in connection with a program that no longer exists. So you have eliminated that. But when you are going further, section 3 is saying, and we don't want you even; we don't want you issuing a letter or a notice or an order that is substantially similar to the one we just eliminated. That's the problem, that you are taking the ability of the FHA to work out voluntary agreements that, I think on the merits, for the people in your district you would like to see occur, that are in good faith and that are affecting homeowners.
Steve Lynch: “the funding authorization you have already deleted in section 2. So there is no funds and there is no authorization for…”
On the recordMarch 10, 2011
Editor's note · Context
Lynch discusses the implications of funding authorization changes on FHA's ability to assist homeowners.
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