,i #aac? ,,congress #b;d ,session ,h4 ,r4 #dbee ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ad1 #bjad ,mr4 ,c>twright 7= himself1 ,mr4 ,hors=d1 ,mr4 ,connolly1 ,mr4 ,george ,mill] ( ,cali=nia1 ,mrs4 ,napolitano1 ,mr4 ,grijalva1 ,mr4 ,van ,holl51 ,mr4 ,nolan1 ,ms4 ,hahn1 ,ms4 ,slaught]1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,f>r1 ,mr4 ,honda1 ,ms4 ,loretta ,san*ez ( ,cali=nia1 ,ms4 ,e%oo1 ,ms4 ,spei]1 ,mr4 ,ha/+s ( ,florida1 ,mr4 ,johnson ( ,georgia1 ,mr4 ,tonko1 ,mr4 ,fattah1 ,mr4 ,brady ( ,p5nsylvania1 ,ms4 ,jackson ,lee1 ,ms4 ,eddie ,b]nice ,johnson ( ,texas1 ,mr4 ,lyn*1 ,ms4 ,bonamici1 ,mr4 ,de,fazio1 ,mr4 ,coh51 ,mr4 ,crd5as1 ,ms4 ,kaptur1 ,mr4 ,ru%1 ,mr4 ,g>cia1 ,mr4 ,neal1 ,ms4 ,p+ree ( ,ma9e1 ,mr4 ,ellison1 ,mr4 ,pallone1 ,mr4 ,langev91 ,ms4 ,norton1 ,mr4 ,doyle1 ,ms4 ,*u1 ,mr4 ,?ompson ( ,cali=nia1 ,mr4 ,cony]s1 ,ms4 ,cl>k ( ,massa*usetts1 ,mr4 ,rangel1 ,ms4 ,wilson ( ,florida1 ,ms4 ,%ea-,port]1 ,ms4 ,l(gr51 ,ms4 ,br[n ( ,florida1 ,mr4 ,c>son ( ,indiana1 ,ms4 ,velzquez1 ,mr4 ,takano1 ,mr4 ,rupp]sb]g]1 ,ms4 ,roybal-,all>d1 ,mr4 ,g5e ,gre5 ( ,texas1 ,mr4 ,clay1 & ,ms4 ,de,lauro7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to require ! ,f$]al ,h\s+ ,f9ance ,ag5cy to e/abli% a #f-mon? moratorium on =eclosure ( mortgages gu>ante$ by ,fannie ,mae or ,fr$die ,mac on homes ( individuals :o h lo/ ,f$]al unemploym5t insurance z a result ( ! expiration ( su* program1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,=eclosures ,due to ,congressional ,dysfunction ,act ( #bjad4 #b4 ,mortgage =eclosure moratorium 7a7 ,moratorium ,! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all prohibit mortgagees ( eligible mortgages "u subsection 7c7 f initiat+ a =eclosure1 :e!r judicial or nonjudicial1 or tak+ any action 9 fur!rance ( a =eclosure already initiat$1 includ+ any =eclosure sale1 ) respect to any eligible mortgage dur+ ! =eclosure moratorium p]iod "u subsection 7d7 = su* eligible mortgage4 7b7 ,treatm5t ( mortgage paym5ts due dur+ =eclosure moratorium p]iod 7#a7 ,def]ral ( mortgage paym5ts2 int]e/ due ,! ,director %all provide t1 dur+ ! =eclosure moratorium p]iod ) respect to an eligible mortgage-- 7,a7 ! t]m ( ! mortgage %all toll2 7,b7 any paym5ts ( pr9cipal & int]e/ due "u ! mortgage %all be def]r$2 & 7,c7 int]e/ on out/&+ pr9cipal due "u ! mortgage %all cont9ue to accrue at ! rate provid$ = "u ! mortgage4 7#b7 ,resumption ( mortgage paym5ts2 amortization ( int]e/ accru$ ,! ,director %all provide t1 ^u ! expiration ( ! =eclosure moratorium p]iod ) respect to an eligible mortgage-- 7,a7 ! t]m ( ! mortgage1 & ! responsibility ( ! mortgagor to make paym5ts ( pr9cipal & int]e/ due "u ! mortgage1 %all resume2 & 7,b7 any int]e/ accru$ pursuant to p>agraph 7#a77;,c7 %all be amortiz$1 & payable1 ov] ! rema9+ t]m ( ! mortgage4 7c7 ,eligible mortgage ,an eligible mortgage "u ?is subsection is a mortgage t-- 7#a7 is own$1 held1 securitiz$1 or gu>ante$ by ! ,f$]al ,national ,mortgage ,association or ! ,f$]al ,home ,loan ,mortgage ,corporation2 7#b7 is a mortgage on a #a- to #d-;family resid5ce t is ! pr9cipal resid5ce ( ! mortgagor2 7#c7 0 curr5t ) respect to paym5ts ( pr9cipal & int]e/1 & any taxes1 insurance1 & o!r am\nts requir$ to be paid 9 escr[1 t 7 due "u ! mortgage z ( ! beg9n+ ( ! =eclosure moratorium p]iod ) respect to su* eligible mortgage2 & 7#d7 has a mortgagor :o-- 7,a7 7i7 receiv$ ext5d$ comp5sation or additional comp5sation = a week ( unemploym5t end+ at any "t dur+ ! #g-;day p]iod end+ ,janu>y #a1 #bjad2 7ii7 has exhau/$ all rights to regul> comp5sation "u ! unemploym5t comp5sation law ( a ,/ate at any "t dur+ ! p]iod beg9n+ ,janu>y #a1 #bjad1 & end+ on ! date ( enactm5t ( ?is ,act & has rema9$ cont9u\sly unemploy$ ?r\gh\t su* p]iod2 or 7iii7 exhau/s all rights to regul> comp5sation "u ! unemploym5t comp5sation law ( a ,/ate at any "t dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,july #a1 #bjad2 & 7,b7 z ( ! beg9n+ ( ! =eclosure moratorium p]iod ) respect to su* eligible mortgage1 has a ratio ( debt to income1 z det]m9$ 9 accordance ) su* requirem5ts z ! ,director %all e/abli%1 t 0 great] ?an #dj p]c5t4 7d7 ,=eclosure moratorium p]iod ,! =eclosure moratorium p]iod "u ?is subsection ) respect to an eligible mortgage %all be ! #f-mon? p]iod beg9n+ ^u-- 7#a7 9 ! case ( an eligible mortgage ( a mortgagor describ$ 9 clause 7i7 or 7ii7 ( subsection 7c77#d77;,a71 ! date ( ! enactm5t ( ?is ,act2 & 7#b7 9 ! case ( an eligible mortgage ( a mortgagor describ$ 9 clause 7iii7 ( subsection 7c77#d77;,a71 ! date on :i* su* mortgagor exhau/s all rights to regul> comp5sation "u ! unemploym5t comp5sation law ( a ,/ate4 7e7 ,def9itions ,= purposes ( ?is section1 ! foll[+ def9itions %all apply3 7#a7 ,director ,! t]m ,director means ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy4 7#b7 ,eligible mortgage ,! t]m eligible mortgage means a mortgage t meets ! requirem5ts ( subsection 7c74 7#c7 ,=eclosure moratorium p]iod ,! t]m =eclosure moratorium p]iod means1 ) respect to an eligible mortgage1 ! p]iod specifi$ 9 subsection 7d7 = ! mortgage4 7#d7 ,mortgagee ,! t]m mortgagee includes1 ) respect to an eligible mortgage1 any cr$itor1 s]vic]1 or hold] ( su* eligible mortgage1 & any o!r p]son act+ on behalf ( any su* cr$itor1 s]vic]1 or hold]4 7#e7 ,regul> comp5sation2 ext5d$ comp5sation2 additional comp5sation ,! t]ms regul> comp5sation1 ext5d$ comp5sation1 & additional comp5sation h ! mean+s giv5 su* t]ms 9 section #bje ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note74