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- S.3535
S.3535: Expanding American Homeownership Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about emergency management
- Introduced June 19, 2006
- Latest Major Action June 19, 2006
Bill Sponsor
Bill Cosponsors
10 (All Republicans)
Bill Summary
Expanding American Homeownership Act of 2006 - FHA Modernization Act of 2006 - Amends the National Housing Act to: (1) modify guidelines governing the maximum principal housing loan obligation; (2) extend the mortgage term to 40 years; and (3) revise requirements for cash payment by the mortgagor in the eligibility criteria for mortgage insurance. Authorizes the Secretary of Housing and Urban Development to establish a mortgage insurance...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| June 19, 2006 |
Introduced in the Senate by James M. Talent (R-Mo.) |