An amendment numbered 6 printed in Part A of House Report 111-219 to require the Neighborhood Reinvestment Corporation to report to Congress on a quarterly basis on their efforts to mitigate mortgage default (rather than bi-annually).

1. Replaces “bi-annually” with “quarterly”

   ReplacesPage 152, line 17Printed page

   In H.R. 3288 · Reported in House

   (8) Mortgage foreclosure mitigation assistance grants may include a budget for outreach and advertising, and training, as determined by the NRC.

   (9) The NRC shall report [struck: bi-annually][inserted: quarterly] to the House and Senate Committees on Appropriations as well as the Senate Banking Committee and House Financial Services Committee on its efforts to mitigate mortgage default. Such reports shall identify successful strategies and methods for preserving homeownership and the long-term affordability of at-risk mortgages and shall include recommended efforts that will or likely can assist in the success of this program as well as an analysis of any policy and procedures that failed to result in successful mortgage foreclosure mitigation. The report shall include an analysis of the details and use of any post mitigation counseling of assisted borrowers designed to ensure the continued long-term affordability of the mortgages which were the subject of the mortgage foreclosure mitigation assistance.

   United States Interagency Council on Homelessness

   Original wording

   Page 152, line 17, strike “bi-annually” and insert “quarterly”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed