A bill to amend section 203 of the National Housing Act to reduce losses under the single family mortgage insurance program.
Single Family Mortgage Insurance Fraud Detection and Prevention Act of 1986 - Amends the National Housing Act to direct the Secretary of Housing and Urban Development to take appropriate action to reduce losses under the single family mortgage insurance program, including independent verifications of borrowers' income and credit, appraisals of investor-owned property, and lender data on defaults.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Housing and Community Development.
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