Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.699
H.R.699: To amend the National Housing Act to require the Secretary of Housing and Urban Development to issue guidance to reduce up-front premiums for FHA-insured mortgages if the capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit, and
About This Bill
- Introduced Jan. 22, 2019
- Latest Major Action Jan. 22, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 22, 2019
Bill Summary
This bill requires the Department of Housing and Urban Development (HUD) to (1) on a monthly basis, review the capital ratio of the Mutual Mortgage Insurance Fund; and (2) upon determining whether the fund's capital ratio exceeds a specified limit, either issue guidance to reduce up-front premiums on mortgages insured by the Federal Housing Administration or report to Congress on why HUD has determined not to reduce such premiums.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 22, 2019 |
Referred to the House Committee on Financial Services.
|
Jan. 22, 2019 |
Introduced in the House by Anthony Brown (D-Md.) |