S 2572
116th Congress
Senate
Housing and Community Development
Housing finance and home ownership
FHA Loan Affordability Act of 2019
Introduced: September 26, 2019
Introduced by:
Shaheen, Jeanne
Democratic
· New Hampshire
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 26, 2019
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1