Amends the National Housing Act to direct that, to be eligible for insurance under such Act, a mortgage shall bear interest at the rate charged by the mortgagee for a non- insured mortgage.
Eliminates the requirement that the Secretary of Housing and Urban Development consult with the Administrator of Veterans' Affairs regarding the maximum interest rate which he or she deems necessary to meet the mortgage market for guaranteed or insured home loans to veterans.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Veterans' Affairs.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line