To limit the collection of annual premiums under the FHA program for mortgage insurance for single family housing, and for other purposes.
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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Placed on the Union Calendar, Calendar No. 227.
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