To limit the collection of annual premiums under the FHA program for mortgage insurance for single family housing, and for other purposes.
Making FHA More Affordable Act of 2017
This bill amends the National Housing Act to require 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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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