To improve the single family housing mortgage insurance program of the Department of Housing and Urban Development.
FHA Modernization and Efficiency Act of 1995 - Amends the National Housing Act to revise single family mortgage insurance program provisions regarding: (1) maximum mortgage amount floor; (2) downpayment calculations and family loans; (3) new construction; (4) condominiums; (5) direct endorsement mortgages; and (6) two-step adjustable mortgages.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E78-79)
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
Sponsor introductory remarks on measure. (CR E406-407)
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