|
|
|
U.S. Code as of:
01/19/04
Section 2710. Reports to Congress; time; contents
Within sixty days after July 2, 1975, and within each sixty-day
period thereafter prior to October 1, 1977, the Secretary shall
make a report to the Congress on (1) the current rate of
delinquencies and foreclosures in the housing market areas of the
country which should be of immediate concern if the purposes of
this chapter is to be achieved; (2) the extent of, and prospect for
continuance of, voluntary forebearance by mortgagees in such
housing market areas; (3) actions being taken by governmental
agencies to encourage forebearance by mortgagees in such housing
market areas; (4) actions taken and actions likely to be taken with
respect to making assistance under this chapter available to
alleviate hardships resulting from any serious rates of
delinquencies and foreclosures; and (5) the current default status
and projected default trends with respect to mortgages covering
multifamily properties with special attention to mortgages insured
under the various provisions of the National Housing Act [12 U.S.C.
1701 et seq.] and with recommendations on how such defaults and
prospective defaults may be cured or avoided in a manner which,
while giving weight to the financial interests of the United
States, takes into full consideration the urgent needs of the many
low- and moderate-income families that currently occupy such
multifamily properties.
|
|