h 221 3 54042 1231218000 false 1231218000 37 2430 Introduced for the second time by <a href="http://www.opencongress.org/people/show/400422_maxine_waters">Rep. Maxine Walters [D, CA-35]</a>, the chairwoman of the Subcommittee on Housing and Community Opportunity, this bill attempts to reduce the number of foreclosures by establishing a systematic approach to modifying trouble mortgages. It would require mortgage servicers to review all loans and, in return, provide $1000 for each subsequently needed modification and require that the government share up to 50% of any loss of a modified loan that consequentially redefaulted. See <a href="http://www.opencongress.org/bill/111-s73/show">S.73</a> for the Senate equivalent of the bill. 111 400422

1/6/2009--Introduced.Systematic Foreclosure Prevention and Mortgage Modification Act - Directs the Chairperson of the Federal Deposit Insurance Corporation (FDIC) to establish a systematic foreclosure prevention and mortgage modification program by: (1) paying mortgage servicers $1,000 to cover expenses for each loan modified according to specified standards; and (2) sharing up to 50% of any losses incurred if a modified loan should subsequently re-default.

1231218000 2009-01-06 Fri Nov 13 09:58:57 -0600 2009 introduced 54042 'act':7 'modif':6 'mortgag':5 'prevent':3 'systemat':1 'foreclosur':2 66992 false short introduced 54042 'feder':10 'insur':12 'modif':6 'corpor':13 'purpos':17 'deposit':11 'mortgag':5 'program':7 'systemat':4 'establish':2 66993 false official action 54042 1231218000 Tue Jan 06 00:00:00 -0600 2009 180937 Referred to the House Committee on Financial Services. W000187 1938-08-15 5657 2344 Rayburn House Office Building http://www.house.gov/waters/IMA/issue.htm 35 202-225-7854 Maxine 'd':4 'ca':5 '-35':6 'rep':1 'maxin':2,7,9 'water':3,8,10 F 400422 Waters Maxine_Waters Rep. Maxine Waters [D, CA-35] 2265 N00006690 8403 Democrat 202-225-2201 Christian CA Maxine Waters 1.6969696969697 http://www.house.gov/waters/ MaxineWaters B001234 1947-01-23 3945 1527 Longworth House Office Building http://www.house.gov/baca/zipauth.shtml 43 202-225-8671 Joe 'd':4 'ca':5 '-43':6 'joe':2,7,9 'rep':1 'baca':3,8,10 M 400009 Baca Joe_Baca Rep. Joe Baca [D, CA-43] 1673 N00007089 8132 Democrat 202-225-6161 CA Joe Baca 2.66666666666667 http://www.house.gov/baca/ C001037 1952-01-09 2483 1530 Longworth House Office Building http://www.house.gov/capuano/contact/email.shtml 8 202-225-9322 Michael 'd':4 '-8':6 'ma':5 'rep':1 'capuano':3,8,10 'michael':2,7,9 M 400063 Capuano Michael_E._Capuano E. Rep. Michael Capuano [D, MA-8] 937 N00000267 6976 Democrat 202-225-5111 Roman Catholic MA Mike Michael Capuano 3.83333333333333 http://www.house.gov/capuano/ C001067 1964-11-21 2061 1029 Longworth House Office Building http://clarke.house.gov/contactform_zipcheck.shtml 11 202-226-0112 Yvette 'd':4 'ny':5 '-11':6 'rep':1 'clark':3,8,10 'yvett':2,7,9 F 412221 Clarke Yvette_Clarke D. Rep. Yvette Clarke [D, NY-11] 515 N00026961 7451 Democrat 202-225-6231 NY Yvette Clarke 1.81818181818182 http://clarke.house.gov/ C001061 1944-10-26 2839 1641 Longworth House Office Building http://www.house.gov/cleaver/IMA/issue.htm 5 202-225-4403 Emanuel 'd':4 '-5':6 'mo':5 'rep':1 'cleaver':3,8,10 'emanuel':2,7,9 M 400639 Cleaver Emanuel_Cleaver Rep. Emanuel Cleaver [D, MO-5] 1180 N00026790 7655 Democrat 202-225-4535 MO Emanuel Cleaver 2.77777777777778 http://www.house.gov/cleaver/ G000553 1947-09-01 3191 425 Cannon House Office Building http://www.house.gov/writerep 9 202-225-2947 Al 'd':4 '-9':6 'al':2,7,9 'tx':5 'rep':1 'green':3,8,10 M 400653 Green Al_Green Rep. Al Green [D, TX-9] 729 N00026686 8163 Democrat 202-225-7508 Unknown TX Al Green 1.35714285714286 http://www.house.gov/algreen/ H000627 1938-10-27 3870 2431 Rayburn House Office Building http://www.house.gov/hinchey/contact/zipauth.shtml 22 202-226-0774 Maurice 'd':4 'ny':5 '-22':6 'rep':1 'mauric':2,7,9 'hinchey':3,8,10 M 400178 Hinchey Maurice_D._Hinchey D. Rep. Maurice Hinchey [D, NY-22] 2533 N00001222 7457 Democrat 202-225-6335 Roman Catholic NY Maurice Hinchey 2.11111111111111 http://www.house.gov/hinchey/ H001043 1951-03-21 5305 506 Cannon House Office Building http://hodes.house.gov/contact.aspx 2 202-225-2946 Paul 'd':4 '-2':6 'nh':5 'rep':1 'hode':3,8,10 'paul':2,7,9 M 412220 Hodes Paul_Hodes W. Rep. Paul Hodes [D, NH-2] 2749 N00027048 7249 Democrat 202-225-5206 NH Paul Hodes 2.54545454545455 http://hodes.house.gov/ L000551 1946-07-16 6596 2444 Rayburn House Office Building http://lee.house.gov/?sectionid=44&sectiontree=18,44 9 202-225-9817 Barbara 'd':4 '-9':6 'ca':5 'lee':3,8,10 'rep':1 'barbara':2,7,9 F 400237 Lee Barbara_Lee Rep. Barbara Lee [D, CA-9] 2655 N00008046 8835 Democrat 202-225-2661 Baptist CA Barbara Lee 4.36363636363636 http://lee.house.gov/ RepLee M000087 1948-02-19 6044 2331 Rayburn House Office Building http://maloney.house.gov/index.php?option=com_email_form&Itemid=73 14 202-225-4709 Carolyn 'd':4 'ny':5 '-14':6 'rep':1 'carolyn':2,7,9 'maloney':3,8,10 F 400251 Maloney Carolyn_B._Maloney B. Rep. Carolyn Maloney [D, NY-14] 2956 N00000078 7714 Democrat 202-225-7944 Presbyterian NY Carolyn Maloney 2.2 http://maloney.house.gov/ V000081 1953-03-28 2650 2466 Rayburn House Office Building http://www.house.gov/velazquez/IMA/issue_subscribe.htm 12 202-226-0327 Nydia 'd':4 'ny':5 '-12':6 'rep':1 'nydia':2,7,9 'velazquez':10 'velázquez':3,8 F 400416 Velázquez Nydia_M._Velazquez M. Rep. Nydia Velázquez [D, NY-12] 1043 N00001102 7121 Democrat 202-225-2361 Roman Catholic NY Nydia Velazquez 3.66666666666667 http://www.house.gov/velazquez/ nydiavelazquez W000207 1945-08-26 1624 2236 Rayburn House Office Building http://www.house.gov/formwatt/IMA/issue_subscribe.htm 12 202-225-1512 Melvin 'd':4 'nc':5 '-12':6 'mel':9 'rep':1 'watt':3,8,11 'melvin':2,7,10 M 400424 Watt Melvin_L._Watt Luther Rep. Melvin Watt [D, NC-12] 395 Mel N00002328 5771 Democrat 202-225-1510 Presbyterian NC Mel Melvin Watt 0.473684210526316 http://www.house.gov/watt/ action 54042 1231218000 Tue Jan 06 00:00:00 -0600 2009 180937 Referred to the House Committee on Financial Services. introduced 54042 1231218000 Tue Jan 06 00:00:00 -0600 2009 180936