United States · Bill · HR
H.R. 37 (111th)
Systematic Foreclosure Prevention and Mortgage Modification Act
Introduced
6 January 2009
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
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.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 January 2009
Introduced in House (PDF)
Introduced in House · EN · 6 January 2009
Introduced in House
summary · EN · 6 January 2009
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/37
- Open data entity: https://api.congress.gov/v3/bill/111/hr/37