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- H.R.6694
H.R.6694: FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about housing and community development
- Introduced July 31, 2008
- Latest Major Action Oct. 2, 2008
Bill Sponsor
Bill Cosponsors
28 (21 Democrats, 8 Republicans)
Bill Summary
FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 - (Sec. 2) Amends the National Housing Act to make exceptions to the prohibition against mortgage insurance for mortgages involving a downpayment using funds furnished by: (1) the seller or any party that benefits financially from the transaction (seller-financed downpayment); or (2) any third party that is reimbursed by the seller or any such party. Makes...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by Voice Vote.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 110-905.
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Placed on the Union Calendar, Calendar No. 582.
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| July 31, 2008 |
Introduced in the House by Al Green (D-Texas) |