FHA Loan Affordability Act of 2019

United States116th CongressHR-3141House of Representatives
Updated: Nov 12, 2019

Summary

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.

Bill texts

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Timeline

Latest companion bill action

S-2572: FHA Loan Affordability Act of 2019

Introduced in Senate

  1. Committee Consideration and Mark-up Session Held.

    House of Representatives

  2. Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 227.

    House of Representatives

  4. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.

    House of Representatives