FHA Loan Affordability Act of 2019
USA116th CongressHR-3141| House
| Updated: 11/12/2019
Dean Phillips
Democratic Representative
Minnesota
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 227.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Housing and Community Development
Housing finance and home ownership
FHA Loan Affordability Act of 2019
USA116th CongressHR-3141| House
| Updated: 11/12/2019
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 227.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Dean Phillips
Democratic Representative
Minnesota
Financial Services Committee
Housing and Community Development
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Housing finance and home ownership