United States · Amendment · HAMDT
HAMDT 800 (110th)
An amendment in the nature of a substitute numbered 7 printed in House Report 110-330 to reform the Federal Housing Administration's (FHA) single-family mortgage insurance activities and would allow FHA to base each borrower's mortgage insurance premiums on the risk that the borrower poses to the FHA Mortgage Insurance Fund, with slight variations. Under this proposal, mortgage insurance premiums will be based on the borrower's credit history, loan-to-value ratio, debt-to-income ratio, and on FHA's historical experience with similar borrowers. This amendment maintains FHA reserves within the insurance fund to preserve the future solvency of the FHA program.
Introduced
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Last action
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Status
On agreeing to the Biggert amendment (A007) Failed by recorded vote: 175 - 252 (Roll no. 874).
Sponsors
Rep. Biggert, Judy [R-IL-13]
Subjects
Housing
Source updated
3 February 2022
Records
Official amendment HAMDT 800 (110th) from United States at United States Congress. Status: On agreeing to the Biggert amendment (A007) Failed by recorded vote: 175 - 252 (Roll no. 874)..
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Sponsors
- Rep. Biggert, Judy [R-IL-13] · R · Sponsor
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/amendment/110th-congress/hamdt-800
- Open data entity: https://api.congress.gov/v3/amendment/110/hamdt/800
- us · 110-hamdt-800 · source updated 3 February 2022