Homeownership Preservation Education Act of 2012

Summary

Homeownership Preservation Education Act of 2012 - Directs the Secretary of Housing and Urban Development (HUD) to carry out a pilot program to evaluate the effectiveness, in reducing defaults on residential mortgages, of reducing up-front premiums for mortgage insurance made available by the Secretary pursuant to the National Housing Act for first-time homebuyers who complete a homeownership counseling program providing for one-on-one prepurchase counseling. Requires reduced premiums for mortgages secured by a 1- to 4-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund for a first-time homebuyer who completes a HUD-approved program of counseling on the responsibilities and financial management involved in homeownership that provides for one-on-one prepurchase counseling of the homebuyer by a HUD-approved nonprofit housing counseling agency.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 June 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 June 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 June 2012

  Open at official source

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