,i #aacth ,,congress #ast ,session ,h4 ,r4 #bhae ,,in ,,the ,,house ,,of ,,representatives ,july #bd1 #bjac ,mr4 ,al ,green of ,texas 7for himself1 ,mrs4 ,carolyn ,b4 ,maloney of ,new ,york1 ,mr4 ,danny ,k4 ,davis of ,illinois1 ,mr4 ,carson of ,indiana1 ,mr4 ,perlmutter1 and ,ms4 ,moore7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to authorize a pilot program to improve asset recovery levels1 asset management1 and homeownership retention with respect to delinquent single-family mortgages insured under the ,,fha mortgage insurance programs by providing for in-person contact outreach activities with mortgagors under such mortgages1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,fha ,in-,person ,servicing ,improvement ,act of #bjac4 #b4 ,pilot program 7a7 ,authority ,the ,secretary of ,housing and ,urban ,development shall carry out a pilot program under this section to use the authority under section #bjd7;a77#b7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agaj7;a77#b77 to make payments to a qualified entity or entities to compensate for their costs of making in-person contact with mortgagors whose payments under covered mortgages are more than #fj days past due1 for the purpose of-- 7#a7 identifying mortgagors eligible for loan modifications or refinances and providing packages to the mortgagee for such purposes2 7#b7 identifying mortgagers not eligible for a loan modification or refinance but willing to engage in pre-foreclosure sales or deeds in lieu of foreclosure1 and providing information to the mortgagee in order to facilitate such actions2 7#c7 identifying whether a home's current occupant is the mortgagor or a renter1 and if not occupied1 taking steps to locate and make contact with the mortgagor2 7#d7 providing information to the ,secretary and the mortgagee regarding the condition of the home1 in order to facilitate any actions needed to prevent the deterioration and loss of value of the home and assist the ,department more generally in its asset management responsibilities2 and 7#e7 providing all relevant information on mortgagors and homes to the mortgagee on the loan and the ,secretary in a format1 approved by the ,secretary1 which helps improve asset management and maximize asset recovery of these delinquent loans4 7b7 ,qualified entities ,for purposes of this section1 the term qualified entity means a single entity or a consortia or partnership of entities that-- 7#a7 have experience in carrying out the activities identified in subsection 7a72 7#b7 are not affiliated with the mortgagor under any of the covered mortgages for which it is authorized to carry out actions under the pilot program under this section2 and 7#c7 comply with all relevant ,state and ,federal laws4 7c7 ,selection of a qualified entity or entities 7#a7 ,scope ,the ,secretary shall have the discretion to select qualified entities to participate in the pilot program under this section4 7#b7 ,criteria ,such selection shall be based on the qualifications and experience of the entity or entities to carry out the specific activities identified in subsection 7a71 including the level of infrastructure capability in reporting detailed information on the mortgage loan1 underlying property1 and the mortgagor4 7#c7 ,participating loans ,the ,secretary shall make available not less than #ej1jjj and not more than #ajj1jjj loans that meet the delinquency criteria of subsection 7a7 for this pilot program4 7#d7 ,timing ,the ,secretary shall select the qualified entity and entities and make available loans under the pilot for their performance within #ij days of the enactment of the ,act4 7d7 ,payments ,payments to the entity or entities selected to carry out the pilot program under this section may be based on-- 7#a7 a flat amount per covered mortgage2 7#b7 a performance success basis based on-- 7,a7 completed packages2 or 7,b7 completed loan modifications1 pre-foreclosure sales1 and deeds in lieu of foreclosure2 or 7#c7 a combination of the methods under paragraphs 7#a7 and 7#b74 7e7 ,prohibition on fees ,entities selected to participate in the pilot program under this section may not charge any fees or require any payments1 directly or indirectly1 from the mortgagor or the mortgagee of a covered mortgage in connection any activities under the program4 7f7 ,,hud review and reporting ,the ,secretary shall publish periodic updates on the status of the pilot program under this section1 commencing not later than #cj days after the completion of actions under subsection 7c77#a7 and 7c77#c71 and thereafter not less often than every #ij until termination of the pilot program under subsection 7h74 ,not later than #fj days after termination of the pilot program1 the ,secretary shall submit to the ,congress and make publicly available a final report on the pilot program1 including information and analysis of performance characteristics1 which may include comparisons of estimated asset recovery levels under the pilot program compared to comparable loans not included in the pilot and loans that have gone through loan sales4 7g7 ,definitions ,for purposes of this section1 the following definitions shall apply3 7#a7 ,covered mortgage ,the term covered mortgage means a mortgage on a #a- to #d-;family residence insured under subsection 7b7 or 7k7 of section #bjc1 section #bcd7;c71 or #bea of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agji 7b7 or 7k71 #agaey7c71 #agaez-#af74 7#b7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7h7 ,termination ,the ,secretary may not make any payments under the pilot program under this section to any qualified entity for any in-person contact with a mortgagor that occurs after the expiration of the #bd-month period beginning upon the completion of the actions under subsection 7c77#a7 and 7c77#c74