US SB2572 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 26 2019 - 25% progression, died in committee
Action: 2019-09-26 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

FHA Loan Affordability Act of 2019

Sponsors


History

DateChamberAction
2019-09-26SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HB3141 (Related) 2019-11-12 - Placed on the Union Calendar, Calendar No. 227.

Subjects


US Congress State Sources


Bill Comments

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