HOMEOWNERSHIP PRESERVATION.

SEC. 2125. HOMEOWNERSHIP PRESERVATION. The Secretary of Housing and Urban Development and the Commissioner of the Federal Housing Administration, in consultation with industry, the Neighborhood Reinvestment Corporation, and other entities involved in foreclosure prevention activities, shall—(1) develop and implement a plan to improve the Federal Housing Administration’s loss mitigation process; and(2) report such plan to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.