Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to provide mortgage insurance for certain single-family homes through reinsurance contracts with private mortgage insurance companies. Sets forth contract requirements.
Similar Provisions Contained in H.R.3959.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from HUD.
Committee on Banking. Provisions of measure incorporated into measure S. 1338 ordered to be reported.
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