In the News

Termination of Foreclosure Mitigation Programs

House Financial Services - Subcommittee on Insurance, Housing and Community Opportunity
Subcommittee Hearing
Insurance, Housing and Community Opportunity Subcommittee (Chairwoman Biggert, R-Ill.) of House Financial Services Committee will hold a hearing titled "Legislative Proposals to End Taxpayer Funding for Ineffective Foreclosure Mitigation Programs."
Contact: 202-225-7502
Note: The full committee will mark up these bills March 3.
Date: Wednesday, March 2, 2 p.m.
Place: 2220 Rayburn Bldg.

Agenda:
Draft Bill - The Home Affordable Modification Program (HAMP) Termination Act
Draft Bill - The Neighborhood Stabilization Program Termination Act
Draft Bill - The FHA Refinance Program Termination Act
Draft Bill - The Emergency Mortgage Relief Program Termination Act



Termination of Foreclosure Mitigation Programs

House Financial Services Committee
Full Committee Markup
House Financial Services Committee (Chairman Bachus, R-Ala.) will mark up pending legislation.
Contact: Larry Lavender - Majority Chief of Staff at 202-225-7502
Note: The Insurance and Housing Subcommittee will hold a hearing on the bills March 2.
Date: Thursday, March 3, 10 a.m.
Place: 2128 Rayburn Bldg.

Agenda:
Draft Bill - The Home Affordable Modification Program (HAMP) Termination Act
Draft Bill - The Neighborhood Stabilization Program Termination Act
Draft Bill - The FHA Refinance Program Termination Act
Draft Bill - The Emergency Mortgage Relief Program Termination Act



Limiting Investor and Homeowner Loss in Foreclosure Act of 2010
Senate Judiciary Committee
Full Committee Markup
Senate Judiciary Committee (Chairman Leahy, D-Vt.) will mark up pending legislation and vote on pending nominations.
Contact: Bruce Cohen - Democratic Chief Counsel at 202-224-7703
Date: Thursday, March 3, 10 a.m.
Place: 226 Dirksen Bldg.
Note: S 193, S 49 and D'Agostino and Feighery nominations carried over from Feb. 17.
Agenda:
S 193 - USA PATRIOT Act Sunset Extension Act of 2011
S 49 - Railroad Antitrust Enforcement Act of 2011
S 222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010
Caitlin Joan Halligan to be U.S. Circuit Judge for the District of Columbia Circuit
Jimmie V. Reyna to be U.S. Circuit Judge for the Federal Circuit
Mae D'Agostino to be U.S. District Judge for the Northern District of New York
John A. Kronstadt to be U.S. District Judge for the Central District of California
Vincent L. Briccetti to be U.S. District Judge for the Southern District of New York
Arenda L. Wright Allen to be U.S. District Judge for the Eastern District of Virginia
Michael Francis Urbanski to be U.S. District Judge for the Western District of Virginia
Timothy J. Feighery to be chairman, Foreign Claims Settlement Commission

Foreclosure Issues; Neighborhood Stabilization; Debit Card Fees

Federal Reserve System
Advisory Committee Meeting
Consumer Advisory Council of the Federal Reserve Board will meet to discuss foreclosure issues (focusing on loss-mitigation efforts, including the administration's Home Affordable Modification Program, servicing issues related to foreclosures, and the development of national mortgage servicing standards); neighborhood stabilization and REO issues (including issues related to the disposition of real estate owned (REO) properties, the impact of foreclosed and vacant properties on communities and neighborhood stabilization strategies); proposed rules regarding debit card interchange fees and routing .
Contact: Jennifer Kerslake at 202-452-6470
For further information: http://www.gpo.gov/fdsys/pkg/FR-2011-02-22/html/2011-3843.htm

Date: Thursday, March 10, 9 a.m.
Place: Martin Building is located on C Street, NW., between 20th and 21st Streets