Item 41

Authorize to enter into a memorandum of agreement with the NH Housing Finance Authority for the purposes or providing direct and indirect distribution of the funding from the National Mortgage Servicing Settlement, through sub-grants to HUD-certified housing counseling agencies throughout the state to provide preforeclosure intervention and counseling, post-foreclosure counseling and statewide public information and outreach to NH borrowers over a three year period. (2)Further authorize to direct the Conference of State Bank Supervisors to transfer $1,000,000 in settlement funds to NHHFA to hold in trust and to distribute, as the primary program administrator, in the form of grants to HUD certified counseling agencies within the state to provide services related to foreclosure prevention, credit and debt counseling, and post-foreclosure issues. Effective upon G&C approval through June 30, 2013.