Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house (Nov 12, 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. The bill applies only to mortgages insured after the bill's enactment.
What just happenedNov 12, 2019
Placed on the Union Calendar, Calendar No. 227.
Who’s behind it
Placed on the Union Calendar, Calendar No. 227.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
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. The bill applies only to mortgages insured after the bill's enactment.
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.