To amend the National Housing Act to require the Secretary of Housing and Urban Development to issue guidance to reduce up-front premiums for FHA-insured mortgages if the capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 2, 2017)
This bill amends the National Housing Act to require the Department of Housing and Urban Development (HUD) to: (1) on a monthly basis, review the capital ratio of the Mutual Mortgage Insurance Fund; and (2) upon determining whether the fund's capital ratio exceeds a specified limit, either issue guidance to reduce up-front premiums on mortgages insured by the Federal Housing Administration or report to Congress on why HUD has determined not to reduce such premiums.
What just happenedMar 2, 2017
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMar 2, 2017
- Mar 2, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 2, 2017IntroReferralIntro-H
Introduced in House
- Mar 2, 2017IntroReferral1000
Introduced in House