Amendment111th Congress
Amendment sought to cap the number of mortgages the FHA can issue to 10% of total loans originated in the U.S. each year. Within 90 days of enactment the FHA must submit a plan to Congress to roll back FHA market share to 10% of loans originated each year by 2012.
- Amendment Number
- 686
- Description
- Amendment sought to cap the number of mortgages the FHA can issue to 10% of total loans originated in the U.S. each year. Within 90 days of enactment the FHA must submit a plan to Congress to roll back FHA market share to 10% of loans originated each year by 2012.
- Purpose
- An amendment numbered 7 printed in House Report 111-503 to cap the number of mortgages the FHA can issue to 10% of total loans originated in the U.S. each year. Within 90 days of enactment, FHA must submit a plan to Congress to roll back FHA market share to 10% of loans originated each year by 2012.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Jun 10, 2010
- Latest Action Text
- On agreeing to the Price (GA) amendment (A007) Failed by recorded vote: 106 - 316 (Roll no. 349).
- Latest Action Time
- 13:50:22
- Submitted Date
- Jun 10, 2010
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020