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Code · BILL · 113th Congress · H.R. 1145 (Introduced in House) — To help ensure the fiscal solvency of the FHA mortgage insurance programs of the Secretary of Housing and Urban Devel... · Sec. 10

Sec. 10. Default and origination information by loan servicer and originating direct endorsement lender

123 words·~1 min read·/bill/113/hr/1145/ih/section-10

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Paragraph
(2)of section 540(b) of the National Housing Act (12 U.S.C. 1712 U.S.C. 1735f–18(b)(2)) is amended by adding at the end the following new subparagraph: For each entity that services insured mortgages, data on the number of claims paid to each servicing mortgagee during each calendar quarter occurring during the applicable collection period. . Information described in subparagraph
(C)of section 540(b)(2) of the National Housing Act, as added by subsection
(a)of this section, shall first be made available under such section 540 for the applicable collection period (as such term is defined in such section) relating to the first calendar quarter ending after the expiration of the 12-month period that begins on the date of the enactment of this Act.
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Sec. 10
Default and origination information by loan servicer and originating direct endorsement lender
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