Washington, DC - March 11, 2011 - (RealEstateRama) -- Today, Congressman Westmoreland joined a bipartisan group of his colleagues in the House to terminate the Federal Housing Authority Refinance Program Termination Act. In March 2010, without an act of Congress, the Obama administration announced the creation of the FHA Refinance Program to refinance underwater loans into the FHA using $8 billion in TARP funds. As of February 3, 2011 – almost one year into the program – only $50 million had been disbursed and only 44 loans have been refinanced.
Washington, DC - March 11, 2011 - (RealEstateRama) -- Today the House of Representatives passed H.R. 836, the Emergency Homeowner Relief Program Termination Act. Congressman Westmoreland joined a bipartisan group of his colleagues to support this legislation. The bill terminates the Housing and Urban Development’s Emergency Homeowner Relief Program. The program was initially created in 1975, however not funded until last July with the passage of the Dodd-Frank Act.
Washington, D.C. - March 11, 2011 - (RealEstateRama) -- House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement after the House of Representatives voted this week to end two expensive and ineffective government foreclosure programs. The FHA Refinance Program Termination Act (H.R. 830) and the Emergency Mortgage Relief Program Termination Act (H.R. 836) would save taxpayer dollars while rolling back irresponsible government intervention in the housing market.
Washington, DC - July 16, 2010 - (RealEstateRama) -- The US House passed H.R. 5114, the Flood Insurance Reform Priorities Act of 2010. H.R. 5114 will reauthorize and improve the National Flood Insurance Program (NFIP), which is the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. The bill includes an amendment by Congressman Scott to allow NFIP premiums to be paid in installments.
WASHINGTON, D.C. - June 24, 2010 - (RealEstateRama) -- With the support and backing of area Congressman Jack Kingston (R-GA), the U.S. House of Representatives today voted to extend the National Flood Insurance Program through September 30, 2010. The program, which lapsed on June 1, allows property and business owners as well as renters to purchase insurance against flood losses.
April 1, 2010 - (RealEstateRama) -- The Making Home Affordable Program has been expanded to reach more homeowners who need help with their mortgages. Many Georgians are still struggling to keep up with their payments. Congressman Scott will continue to support policies to help homeowners turn the corner.