H.R. 3141: FHA Loan Affordability Act of 2019
CBO Score
$0
Documentation
Date of Report
Fri June 28th, 2019
Notes
Offsetting receipts removed from estimate
Legislation Details
116th Congress
To limit the collection of annual premiums under the FHA program for mortgage insurance for single family housing, and for other purposes.
Sponsor: Rep. Dean Phillips — D — MN
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.
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