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Bill116th CongressFiled Jan 3, 2019Housing and Community Development
H.R. 123

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

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What it doesSummary reported to house (Dec 17, 2020)

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

What just happenedDec 17, 2020

Placed on the Union Calendar, Calendar No. 547.

Who’s behind it

Rep. Green, Al [D-TX-9](D-TX)Sponsor
2 cosponsors2 D
Read on Congress.gov
2cosponsors1committees10actions4subjects
  1. Dec 17, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 547.

  2. Dec 17, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.

    Financial Services Committee
  3. Dec 17, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.

    Financial Services Committee
  4. Sep 20, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.

    Financial Services Committee
  5. Sep 20, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Sep 19, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Sep 18, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  8. Jan 3, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. Jan 3, 2019IntroReferralIntro-H

    Introduced in House

  10. Jan 3, 2019IntroReferral1000

    Introduced in House

Reported to HouseDec 17, 20207

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

Introduced in HouseJan 3, 2019

FHA Alternative Credit Pilot Program Reauthorization Act

This bill reauthorizes a pilot program for an alternative credit rating system for use by mortgage lenders. Specifically, the program provides credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act — Informed