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S. 2572

BillFederalSenateIn Committee
A bill to limit the collection of annual premiums under the FHA program for mortgage insurance for single family housing, and for other purposes.
About This Bill
Committee
Latest Action · September 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
116th (2019–2021)
Introduced
September 26, 2019
Cosponsors (0)
None
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Summary

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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.

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