To provide for safety and soundness of the Mutual Mortgage Insurance Fund, and for other purposes.
FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value.
Sets forth periodic premium payment schedules.
Limits FHA rebates on unearned premiums.
Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary.
Authorizes periodic mortgage insurance safety premiums.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Housing and Community Development.
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