Bill116th CongressFiled Sep 26, 2019Housing and Community Development
S. 2572
FHA Loan Affordability Act of 2019
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Sep 26, 2019)
FHA Loan Affordability Act of 2019
This bill requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price.
What just happenedSep 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Shaheen, Jeanne [D-NH](D-NH)Sponsor
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- Introduced in SenateSep 26, 2019
- Sep 26, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 26, 2019IntroReferral10000
Introduced in Senate