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- S.2338
S.2338: FHA Modernization Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced Nov. 13, 2007
- Latest Major Action Dec. 17, 2007
Bill Sponsor
Bill Summary
FHA Modernization Act of 2007 - Title I: Building American Homeownership - Building American Homeownership Act of 2007 - (Sec. 102) Amends the National Housing Act to: (1) modify requirements for the maximum principal loan obligation, changing one element in the formula from 95% to 100% of the median one-family house price in the area; and (2) limit the principal loan obligation to 100% of the appraised value of the property. (Sec. 103) Amends...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
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Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
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Sponsor introductory remarks on measure.
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Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Reid for Senator Dodd. With written report No. 110-227. Additional views filed.
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 481.
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Measure laid before Senate by unanimous consent.
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Passed Senate with an amendment by Yea-Nay Vote. 93 - 1. Record Vote Number: 432.
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Message on Senate action sent to the House.
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Received in the House.
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Held at the desk.
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| Nov. 13, 2007 |
Introduced in the Senate by Christopher J. Dodd (D-Conn.) |