US HB6726

Requires HUD housing counseling grant recipients to be geographically diverse and include organizations serving both urban and rural areas

Mandates HUD to conduct performance reviews of all participating housing counseling agencies, evaluating compliance with program requirements and counselor performance based on default rates of counseled borrowers

Allows HUD to require continued education, retesting, or permanent certification suspension for counselors who demonstrate lack of competence in pre-purchase housing counseling

Requires at least 60 days written notice before denying renewal of assistance to non-compliant organizations, with opportunity for an informal conference with the Deputy Assistant Secretary of Housing Counseling

Entitles borrowers with federally-backed mortgage loans (FHA, VA, USDA, or tribal housing programs) who are 30+ days delinquent to participate in housing counseling, with costs for FHA-insured loan borrowers paid by the Mutual Mortgage Insurance Fund