Senate Bill 2572
116th Congress(2019-2020)
FHA Loan Affordability Act of 2019
Introduced
Introduced in Senate on Sep 26, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2572
Congress
116
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
No Senate votes have been held for this bill.
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.
September 26, 2019
09/26/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/26/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:49:47 PM