FHA/Foreclosure Related Bills To Be Considered in House Wed-Thur.

NLIHC's Memo to Members reports that House is scheduled to consider a variety of FHA and foreclosure related legislation this week. Maybe it's me, but I found the NLIHC description of how as many as 6 different bills will get mushed together hilarious:

"H.R. 5830, the FHA Housing and Homeowner Retention Act, will also be considered, most likely as an amendment to H.R. 3221, the housing stimulus bill that passed the Senate passed on April 10 (see Memo, 4/11). (The Senate actually added its provisions as an amendment to a bill, H.R. 3221, that the House had already sent to the Senate. The Senate then sent it back to the House.)

Additional amendments to H.R. 3221 could include H.R. 5579, the Emergency Mortgage Loan Modification Act of 2008, which makes it easier for servicers to modify troubled mortgages without threat of liability to investors (see Memo,H.R. 5720, the Housing Assistance Tax Act of 2008, which makes several changes to the Low Income Housing Tax Credit and Housing Bond programs and provides a tax credit for first-time home buyers (see Memo, 4/11); H.R. 1427, the Federal Housing Finance Reform Act of 2007, which reforms the regulatory system for the Government Sponsored Enterprises (GSEs) and would provide funding for a National Housing Trust Fund (see Memo, 10/12/07); and H.R. 1852, the Expanding American Homeownership Act of 2007, which reforms the FHA program (see Memo, 9/21/07). 4/25);

By amending a Senate-passed bill, the House will set the stage for a conference between the House and Senate on the various initiatives and programs passed by the House. H.R. 1427 and H.R. 1852 previously passed the House; H.R. 5830, H.R. 5579 and H.R. 5720 have been reported out of committee, but have not been considered by the full House. "

Now that that's clear.....