h 11 54199 1231909200 false 1231909200 1 527 346 111 400663

1/14/2009--Introduced.Home Retention and Economic Stabilization Act of 2009 - Amends the Truth in Lending Act to establish the right of an eligible deferred-foreclosure consumer, defendable in court, to defer initiation of a foreclosure or related action, including a foreclosure sale, brought by any creditor, servicer, or holder of an eligible deferred-foreclosure mortgage, during a specified deferment period. Declares invalid any foreclosure action or proceeding regarding a deferred-foreclosure mortgage if the creditor or servicer fails to notify the consumer: (1) at least 30 days before instituting the action or proceeding; and (2) at least once during each subsequent 30-day period until the foreclosure becomes final. Prescribes procedures governing: (1) initiating foreclosure deferment; (2) payment notices during the deferment period; and (3) the manner of consumer payment during the deferment period. Amortizes over the life of the mortgage the difference between the amount of monthly payment due under the eligible deferred-foreclosure mortgage and the deferment payment amount. Prohibits a creditor or servicer from imposing any late fee or other fee or charge during the deferment period. Requires the creditor or servicer to provide the consumer with separate, written notification, distinct from all other correspondence, regarding: (1) any interest rate increase with respect to a sub-prime mortgage; (2) any minimum monthly payment increase with respect to a negative amortization mortgage; (3) clear and conspicuous disclosure of the good faith estimate of the monthly payment applicable after the adjustment or reset date; and (4) a list of alternatives available to consumers prior to the date of adjustment or increase. Authorizes appropriations for the Neighborhood Reinvestment Corporation to implement foreclosure mitigation activities, which may include use for costs of providing additional counselors, translators, and other staffers and costs of providing additional computers and improving databases and overall operations to better assist mortgagor families.

1231909200 2009-01-14 Fri Nov 13 12:44:13 -0600 2009 introduced 54199 'of':7 'act':6 'and':3 '2009':8 'home':1 'economic':4 'retention':2 'stabilization':5 68162 false short introduced 54199 'act':7 'home':13,29 'lend':6 'rate':44 'take':24 'allow':21 'amend':2 'limit':18 'notic':35 'reset':39 'truth':4 'upcom':38 'action':26 'advanc':34 'deferr':10 'period':19 'permit':9 'provid':33 'purpos':48 'remedi':25 'requir':28 'servic':31 'certain':12 'homeown':22 'mortgag':14,30,42 'interest':43 'foreclosur':15 67204 false official action 54199 1231909200 Wed Jan 14 00:00:00 -0600 2009 181411 Referred to the House Committee on Financial Services. M001163 1944-09-25 2160 222 Cannon House Office Building https://forms.house.gov/matsui/webforms/issue_subscribe.htm 5 202-225-0566 Doris 'd':4 '-5':6 'ca':5 'rep':1 'dori':2,7,9 'matsui':3,8,10 F 400663 Matsui Doris_O._Matsui O. Rep. Doris Matsui [D, CA-5] 827 N00027459 6889 Democrat 202-225-7163 CA Doris Matsui 2.5 http://matsui.house.gov/ B001231 1951-01-20 3464 405 Cannon House Office Building http://berkley.house.gov/contact/email.html 1 202-225-3119 Shelley 'd':4 '-1':6 'nv':5 'rep':1 'berkley':3,8,10 'shelley':2,7,9 F 400024 Berkley Shelley_Berkley Rep. Shelley Berkley [D, NV-1] 1729 N00009818 7578 Democrat 202-225-5965 Jewish NV Shelley Berkley 1.66666666666667 http://berkley.house.gov/ B001242 1950-06-01 1120 225 Cannon House Office Building http://timbishop.house.gov/?sectionid=96&sectiontree=7,96 1 202-225-3143 Timothy 'd':4 '-1':6 'ny':5 'rep':1 'bishop':3,8,10 'timothi':2,7,9 M 400031 Bishop Timothy_H._Bishop H. Rep. Timothy Bishop [D, NY-1] 199 N00025413 7332 Democrat 202-225-3826 Roman Catholic NY Timothy Bishop 0.909090909090909 http://www.house.gov/timbishop/ C001050 1959-03-31 3107 435 Cannon House Office Building https://forms.house.gov/wyr/welcome.shtml 18 202-225-0819 Dennis 'd':4 'ca':5 '-18':6 'rep':1 'denni':2,7,9 'cardoza':3,8,10 M 400065 Cardoza Dennis_A._Cardoza A. Rep. Dennis Cardoza [D, CA-18] 1606 N00024874 7698 Democrat 202-225-6131 Roman Catholic CA Dennis Cardoza 4.25 http://www.house.gov/cardoza/ C001066 2566 317 Cannon House Office Building https://forms.house.gov/wyr/welcome.shtml 11 202-225-5652 Kathy 'd':4 'fl':5 '-11':6 'rep':1 'kathi':2,7,9 'castor':3,8,10 F 412195 Castor Kathy_Castor Rep. Kathy Castor [D, FL-11] 1031 N00027514 8172 Democrat 202-225-3376 FL Kathy Castor 1.71428571428571 http://castor.house.gov/ F000043 1956-11-21 2208 2301 Rayburn House Office Building http://fattah.house.gov/?sectionid=8&sectiontree=8 2 202-225-5392 Chaka 'd':4 '-2':6 'pa':5 'rep':1 'chaka':2,7,9 'fattah':3,8,10 M 400130 Fattah Chaka_Fattah Rep. Chaka Fattah [D, PA-2] 1198 N00001746 6464 Democrat 202-225-4001 Baptist PA Chaka Fattah 3.0 http://www.house.gov/fattah/ H000627 1938-10-27 3890 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] 2549 N00001222 7469 Democrat 202-225-6335 Roman Catholic NY Maurice Hinchey 2.11111111111111 http://www.house.gov/hinchey/ H001034 1941-06-27 2207 1713 Longworth House Office Building http://honda.house.gov/contactmike.shtml 15 202-225-2699 Michael 'd':4 'ca':5 '-15':6 'rep':1 'mike':9 'honda':3,8,11 'michael':2,7,10 M 400185 Honda Michael_M._Honda M. Rep. Michael Honda [D, CA-15] 723 Mike N00012611 6476 Democrat 202-225-2631 Protestant CA Mike Michael Honda 3.7 http://honda.house.gov/ robpierson J000126 1935-12-03 1012 1511 Longworth House Office Building http://www.house.gov/ebjohnson/IMA/issue_subscribe.shtml 30 202-226-1477 Eddie 'd':4 'tx':5 '-30':6 'rep':1 'eddi':2,7,9 'johnson':3,8,10 F 400204 Johnson Eddie_Bernice_Johnson Bernice Rep. Eddie Johnson [D, TX-30] 217 N00008122 5712 Democrat 202-225-8885 Baptist TX Eddie Johnson 2.375 http://www.house.gov/ebjohnson/ R000577 1973-07-16 1778 1421 Longworth House Office Building http://timryan.house.gov/index.php?option=com_content&task=view&id=129&Itemid=42 17 202-225-3719 Timothy 'd':4 'oh':5 '-17':6 'rep':1 'ryan':3,8,10 'timothi':2,7,9 M 400352 Ryan Tim_Ryan J. Rep. Timothy Ryan [D, OH-17] 790 N00025280 5914 Democrat 202-225-5261 Roman Catholic OH Tim Timothy Ryan 4.4 http://timryan.house.gov/ TimRyanVision S001145 1944-05-26 2420 1027 Longworth House Office Building http://www.house.gov/schakowsky/contact.shtml 9 202-226-6890 Janice 'd':4 '-9':6 'il':5 'jan':9 'rep':1 'janic':2,7,10 'schakowski':3,8,11 F 400360 Schakowsky Janice_D._Schakowsky D. Rep. Janice Schakowsky [D, IL-9] 874 Jan N00004724 7834 Democrat 202-225-2111 Jewish IL Jan Janice Schakowsky 2.81818181818182 http://www.house.gov/schakowsky JanSchakowsky S001165 1951-01-26 1425 1024 Longworth House Office Building https://forms.house.gov/sires/webforms/issue_subscribe.htm 13 202-226-0792 Albio 'd':4 'nj':5 '-13':6 'rep':1 'sire':3,8,10 'albio':2,7,9 M 412186 Sires Albio_Sires Rep. Albio Sires [D, NJ-13] 622 N00027523 5771 Democrat 202-225-7919 NJ Albio Sires http://www.house.gov/sires/ RepSiresNJ13 S000480 1929-08-14 3922 2469 Rayburn House Office Building http://www.louise.house.gov/index.php?option=com_content&task=view&id=506&Itemid=150 28 202-225-7822 Louise 'd':4 'ny':5 '-28':6 'rep':1 'louis':2,7,9 'slaughter':3,8,10 F 400378 Slaughter Louise_McIntosh_Slaughter McIntosh Rep. Louise Slaughter [D, NY-28] 1920 N00001311 9771 Democrat 202-225-3615 Episcopalian NY Louise Slaughter 1.75 http://www.louise.house.gov louiseslaughter S001174 2538 1721 Longworth House Office Building http://sutton.house.gov/about/emailform.cfm 13 202-225-2266 Betty 'd':4 'oh':5 '-13':6 'rep':1 'betti':2,7,9 'sutton':3,8,10 F 412228 Sutton Betty_Sue_Sutton Rep. Betty Sutton [D, OH-13] 916 N00027901 7229 Democrat 202-225-3401 OH Betty Sutton 3.45454545454545 http://sutton.house.gov/ T000460 1951-01-24 1970 231 Cannon House Office Building http://mikethompson.house.gov/contact/email.shtml 1 202-225-4335 C. 'c':7,10 'd':4 '-1':6 'ca':5 'rep':1 'mike':9 'michael':2 'thompson':3,8,11 M 400403 Thompson Mike_Thompson Michael Rep. Michael Thompson [D, CA-1] 717 Mike N00007419 6961 Democrat 202-225-3311 Catholic CA Mike C. Thompson 1.5 http://mikethompson.house.gov action 54199 1231909200 Wed Jan 14 00:00:00 -0600 2009 181411 Referred to the House Committee on Financial Services. introduced 54199 1231909200 Wed Jan 14 00:00:00 -0600 2009 181410