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Bill > H3846


MA H3846

Relative to the Massachusetts Housing Finance Agency


summary

Introduced
07/27/2017
In Committee
07/27/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the Massachusetts Housing Finance Agency

AI Summary

This bill amends the Massachusetts Housing Finance Agency's (MHFA) enabling statute to allow the agency to take additional actions, including: (1) providing contract administration services for multifamily rental subsidy programs of the U.S. Department of Housing and Urban Development in any state or the District of Columbia; (2) providing loan servicing for one- to four-family residential mortgage loans secured by properties located in any state or the District of Columbia, as long as the majority of the loans serviced are secured by properties in Massachusetts; and (3) providing loan servicing, master servicing, mortgage insurance, and other commercial services related to residential mortgage loans in partnership with a governmental or quasi-governmental agency in any state or the District of Columbia.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Last Action

No further action taken (on 01/01/2019)

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