Emergency Mortgage Loan Modification Act of 2008
To remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, and for other purposes.
3/11/2008--Introduced.
Emergency Mortgage Loan Modification Act of 2008 - Establishes a standard for loan modifications or workout plans for pools of certain residential mortgage loans. States that the servicer of such pooled loans owes a duty to the securitization vehicle to maximize more...
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Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| March 11, 2008 |
In the News
May 09, 2008 House Passes Comprehensive Housing Package
To speed loan modifications and keep more families in their homes, this package includes HR 5579 to provide mortgage servicers with clarity and certainty ...
April 15, 2008 MBA Responds to Loan Mod Legislation
The Mortgage Bankers Association (MBA) believes a new house billâThe Emergency Loan Modification Act of 2007 (HR 5579)âhas the potential to be a help and a ...
April 12, 2008 WITNESS LIST: Capital Markets Subcommittee Examines Legislation to ...
"HR 5579 is one potentially important and effective response to the current problems in the mortgage marketplace. In brief, our bipartisan bill aims to help ...
Blog Coverage
May 13, 2008 - Understanding Foreclosures â Can You Workout the Problem?
Currently HR 5579, titled the âEmergency Mortgage Loan Modification Act of 2008â is being debated in Congress. It has been placed on the calender, but is still in committee and has yet to be voted on. According to it's description it is ...
May 07, 2008 House to Consider Housing Rescued and Foreclosure Prevention Act
HR 5579, The Emergency Loan Modification Act of 2008, adopted by the Financial Services Committee on April 23, 2008. Title V â Miscellaneous Housing Provisions [Includes certain protection against discrimination for veterans but also ...
Source: Mortgage Law Blog, LLC
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April 27, 2008 HR 5579, The Emergency Mortgage Loan Modification Act of 2008 ...
HR 5579 would remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans.... Vote on This Bill: For | Against.
Source: WashingtonWatch.com - Welcome to WashingtonWatc...
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