FHA Loan Affordability Act of 2019

Fact Sheet API

Bill Number

HR 3141

Introduced

Jun 5, 2019

Latest Action

Placed on the Union Calendar, Calendar No. 227.

Sponsor

Cosponsors

Topics

Housing and Community Development Housing finance and home ownership

Full Text

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Votes

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.

Actions

Nov 12, 2019

Placed on the Union Calendar, Calendar No. 227.
Nov 12, 2019

Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
Jun 11, 2019

Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Jun 11, 2019

Committee Consideration and Mark-up Session Held.
Jun 5, 2019

Referred to the House Committee on Financial Services.
Jun 5, 2019

Introduced in House

Amendments

Related Bills