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March 30, 2011

House Votes - H.R. 839: The HAMP Termination Act of 2011

H.Res. 170: Rule providing for consideration of H.R. 839, H.R. 861

On Passage
Passed 241-180, 11 not voting

Previous House action under this rule


H.R. 839: The HAMP Termination Act of 2011
To amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the Secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the Program, either on a trial or permanent basis.

Amendments

H.Amdt. 199 by Rep. Hanna [R-NY24]
An amendment numbered 1 printed in Part A of House Report 112-34 to include findings detailing the Home Affordable Modification Program's (HAMP's) flaws and state that terminating HAMP would save taxpayers approximately $1.4 billion.
Agreed to by 77 votes: 247-170, 15 not voting

H.Amdt. 204 by Rep. Jackson-Lee [D-TX18]
An amendment numbered 6 printed in Part A of House Report 112-34 to require a study and report submitted to Congress determining the successful aspects of HAMP, and legislative recommendations for a replacement loan modification program.
Failed by 58 votes: 182-239, 11 not voting

H.Amdt. 206 by Rep. Maloney [D-NY14]
An amendment numbered 8 printed in Part A of House Report 112-34 to include a list of the number of trial and permanent modifications started under the HAMP program in each state as well as the number of seriously delinquent mortgages across the country that will not be able to be eligible for HAMP modifications because Congress is terminating the program.
Failed by 77 votes: 173-249, 10 not voting


On Motion to Recommit with Instructions
Failed by 54 votes: 185-238, 9 not voting

On Passage
Passed by 82 votes: 252-170, 10 not voting


House votes to end HAMP
The House Tuesday voted to eliminate the last of four Obama administration housing programs, in an effectively symbolic vote to end the controversial Home Affordable Modification Program. The loan program launched at the beginning of Barack Obama’s presidency designed to aide millions of underwater homeowners. But since its launch, HAMP was dogged by inefficiencies, drawing harsh criticism from even the most ardent assistance supporters, including Democrats and members of the Congressional Black Caucus. The independent watchdogs charged with overseeing the program criticized it.

GOP House Terminates Dems' Foreclosure Prevention Program
The House of Representatives voted late Tuesday evening to end the Obama administration’s embattled foreclosure prevention program, arguing that it is wasting tens of billions of taxpayer dollars without a significant return or benefit to the struggling economy.

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