Committee Votes to Kill Two Housing Programs, Delays Decision on Two

The House Financial Services Committee voted Thursday to scrap two foreclosure relief programs - one that gives underwater homeowners a federal refinancing option through FHA's Short Refi Program, and a second that provides temporary assistance to unemployed homeowners through the Emergency Mortgage Relief Fund. The two bills now move to the full House for debate. The committee was also planning to consider two separate bills to end the Home Affordable Modification Program (HAMP) and HUD's Neighborhood Stabilization Program, but votes on these have been pushed to next week.


http://www.dsnews.com/articles/house-committee-votes-to-kill-two-housing-programs-delays-decision-on-2011-03-03


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http://www.dsnews.com/articles/fha-commissioner-says-short-refi-program-necessary-for-recovery-2011-03-03


http://www.federalreserve.gov/fomc/beigebook/2011/20110302/default.htm