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United States · Bill · HR

H.R. 2139 (110th)

FHA Manufactured Housing Loan Modernization Act of 2007

referredUnited States· United States Congress· EN

Introduced

3 May 2007

Last action

26 June 2007 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Donnelly, Joe [D-IN], Rep. Frank, Barney [D-MA-4], Rep. Feeney, Tom [R-FL-24], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Carson, Julia [D-IN-7], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Sherman, Brad [D-CA-32], David Scott, Rep. Boswell, Leonard L. [D-IA-3], Rep. Boyd, Allen [D-FL-2], Rep. Rahall, Nick J., II [D-WV-3], Rep. Cleaver, Emanuel [D-MO-5], Rep. Calvert, Ken [R-CA-41], Rep. Davis, Geoff [R-KY-4], Rep. McHenry, Patrick T. [R-NC-10], Rep. Pearce, Stevan [R-NM-2], Sen. Kirk, Mark Steven [R-IL], Rep. Davis, Lincoln [D-TN-4], Rep. Moore, Dennis [D-KS-3], Rep. Moore, Gwen [D-WI-4], Rep. Chandler, Ben [D-KY-6], Rep. Ellsworth, Brad [D-IN-8], Rep. Wilson, Charles A. [D-OH-6], Rep. Gillmor, Paul E. [R-OH-5], Rep. Sires, Albio [D-NJ-13], Rep. Ellison, Keith [D-MN-5], Rep. Knollenberg, Joe [R-MI-9], Rep. Souder, Mark E. [R-IN-3], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Etheridge, Bob [D-NC-2]

Subjects

Housing

Source updated

10 January 2026

Housing

Summary

FHA Manufactured Housing Loan Modernization Act of 2007 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes). Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases. Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually instead of as part of a bundle of such loans.) Increases loan limits, requiring annual indexing. Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up to 1%. Revises requirements for the handling and disposal of any real or personal conveyed to or acquired by the Secretary of Housing and Urban Development (HUD), and the pursuit of all claims against mortgagors assigned to the Secretary by mortgagees. Directs the Secretary of HUD to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 May 2007

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 3 May 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 May 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 23 May 2007

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  5. 23 May 2007

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 21 June 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-206.

    Source: Committee

  7. 21 June 2007

    Calendars

    Placed on the Union Calendar, Calendar No. 125.

    Source: Calendars

  8. 21 June 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-206.

    Source: Committee

  9. 25 June 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  10. 25 June 2007

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7025-7026)

    Source: Floor

  11. 25 June 2007

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7025-7026)

    Source: Floor

  12. 25 June 2007

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2139.

    Source: Floor

  13. 25 June 2007

    Floor

    Considered under suspension of the rules. (consideration: CR H7025-7027)

    Source: Floor

  14. 25 June 2007

    Floor

    Mr. Donnelly moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  15. 26 June 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 26 June 2007

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 26 June 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 25 June 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 25 June 2007

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  • Passed House amended

    summary · EN · 25 June 2007

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  • Reported in House (text)

    Reported in House · EN · 21 June 2007

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  • Reported in House (PDF)

    Reported in House · EN · 21 June 2007

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  • Reported to House with amendment(s)

    summary · EN · 21 June 2007

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  • Introduced in House (text)

    Introduced in House · EN · 3 May 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 3 May 2007

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  • Introduced in House

    summary · EN · 3 May 2007

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Sponsors

Related records

Sources

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