United States · Bill · HR
H.R. 5072 (111th)
FHA Reform Act of 2010
Introduced
20 April 2010
Last action
10 June 2010 · Floor
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Maxine Waters, Shelley Capito, Rep. Frank, Barney [D-MA-4], Al Green, Rep. Lynch, Stephen F. [D-MA-8], Brad Sherman
Subjects
Housing
Source updated
7 April 2025
Summary
FHA Reform Act of 2010 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (HUD) to increase the maximum annual premium payments for mortgage insurance, and make the charging of them discretionary instead of mandatory. Authorizes the Secretary to require specified mortgagees to indemnify HUD for payment of a mortgage insurance claim if the mortgage was not originated or underwritten in accordance with HUD requirements. Authorizes the Secretary to require a mortgagee to indemnify HUD for loss regardless of when an insurance claim is paid if fraud or misrepresentation was involved in connection with the mortgage origination or underwriting. Authorizes the Secretary to terminate approval of a mortgagee to originate or underwrite single family mortgages if the mortgagee's rate of early defaults and claims is excessive. Establishes within the Federal Housing Administration (FHA) a Deputy Assistant Secretary for Risk Management and Regulatory Affairs responsible for all matters relating to managing and mitigating risk to HUD mortgage insurance funds and for ensuring the performance of HUD-insured mortgages. Authorizes the Secretary to use outside sources to conduct credit risk analysis. Requires the Secretary to identify mortgagees with a significant or rapid increase in early defaults and claims with respect to all mortgages they have originated on housing located in any particular geographic area or areas. Authorizes the Secretary to require a mortgagee to: (1) use the Nationwide Mortgage Licensing System and Registry; and (2) obtain unique identifiers for all the mortgagee's officers or owners. Directs the Secretary to: (1) pursue joint protocols for information sharing with state regulatory agencies; and (2) require mortgagees to notify HUD if they terminate or discontinue mortgage purchases from another mortgagee based on any determination, evidence, or report of fraud or material misrepresentation in connection with the origination of such mortgages. Prescribes conditions compelling the Secretary to review and reduce certain cash investment (down payment) requirements binding upon mortgages or mortgagors. Revises requirements for early mortgage default and foreclosure information collected by the Secretary for mortgage lender analysis. Directs the Comptroller General to report to Congress on: (1) single family mortgage insurance programs of HUD and the Mutual Mortgage Insurance Fund; and (2) specified aspects of the Government National Mortgage Association (GINNIE MAE).
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
20 April 2010
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
20 April 2010
Introduced
Introduced in House
Source: IntroReferral
20 April 2010
Introduced
Introduced in House
Source: IntroReferral
27 April 2010
Reported
Ordered to be Reported (Amended) by Voice Vote.
Source: Committee
27 April 2010
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
6 May 2010
Calendars
Placed on the Union Calendar, Calendar No. 270.
Source: Calendars
6 May 2010
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 111-476.
Source: Committee
6 May 2010
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 111-476.
Source: Committee
8 June 2010
Reported
Rules Committee Resolution H. Res. 1424 Reported to House. Rule provides for consideration of H.R. 5072 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. The resolution waives all points of order against consideration of the bill except those arising under clause 9 or 10 of rule XXI. The resolution also provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services shall be considered as an original bill for the purpose of amendment.
Source: Floor
9 June 2010
Floor
Committee of the Whole House on the state of the Union rises leaving H.R. 5072 as unfinished business.
Source: Floor
9 June 2010
Passed
On motion that the Committee rise Agreed to without objection.
Source: Floor
9 June 2010
Floor
Ms. Waters moved that the Committee rise.
Source: Floor
9 June 2010
Floor
Rule provides for consideration of H.R. 5072 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. The resolution waives all points of order against consideration of the bill except those arising under clause 9 or 10 of rule XXI. The resolution also provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services shall be considered as an original bill for the purpose of amendment.
Source: Floor
9 June 2010
Floor
The Speaker designated the Honorable Deborah L. Halvorson to act as Chairwoman of the Committee.
Source: Floor
9 June 2010
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1424 and Rule XVIII.
Source: Floor
9 June 2010
Floor
Considered under the provisions of rule H. Res. 1424. (consideration: CR H4300-4302)
Source: Floor
9 June 2010
Passed
Rule H. Res. 1424 passed House.
Source: Floor
10 June 2010
Floor
The previous question was ordered without objection. (consideration: CR H4364)
Source: Floor
10 June 2010
Floor
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Source: Floor
10 June 2010
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
10 June 2010
Floor
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 5072.
Source: Floor
10 June 2010
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
10 June 2010
Vote
On passage Passed by recorded vote: 406 - 4 (Roll no. 353).
Source: Floor
10 June 2010
Vote
Passed/agreed to in House: On passage Passed by recorded vote: 406 - 4 (Roll no. 353).
Source: Floor
10 June 2010
Passed
On motion to recommit with instructions Agreed to by voice vote.
Source: Floor
10 June 2010
Floor
Mr. Lee (NY) moved to recommit with instructions to Financial Services. (consideration: CR H4363-4364; text: CR H4363-4364)
Source: Floor
10 June 2010
Passed
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text: CR H4343-4345)
Source: Floor
10 June 2010
Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5072.
Source: Floor
10 June 2010
Floor
On agreeing to the Price (GA) amendment (A007) Roll Call 349 - Recorded vote pending.
Source: Floor
10 June 2010
Floor
DEBATE - Pursuant to the provisions of H.Res. 1424, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment.
Source: Floor
10 June 2010
Floor
Considered as unfinished business. (consideration: CR H4342-4365)
Source: Floor
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 10 June 2010 · Official file
- Engrossed in House · 10 June 2010 · Official file
- Reported in House · 6 May 2010 · Official file
- Introduced in House · 20 April 2010 · Official file
Documents
11 official files
Engrossed in House (text)
Engrossed in House (text)
Engrossed in House · EN · 10 June 2010
Engrossed in House (PDF)
Engrossed in House · EN · 10 June 2010
Referred in Senate (text)
Referred in Senate · EN · 10 June 2010
Referred in Senate (PDF)
Referred in Senate · EN · 10 June 2010
Passed House amended
summary · EN · 10 June 2010
Reported in House (text)
Reported in House · EN · 6 May 2010
Reported in House (PDF)
Reported in House · EN · 6 May 2010
Reported to House with amendment(s)
summary · EN · 6 May 2010
Introduced in House (text)
Introduced in House · EN · 20 April 2010
Introduced in House (PDF)
Introduced in House · EN · 20 April 2010
Introduced in House
summary · EN · 20 April 2010
Sponsors
- Maxine Waters · D · Sponsor
- Shelley Capito · R · Sponsor
- Rep. Frank, Barney [D-MA-4] · D · Sponsor
- Al Green · D · Sponsor
- Rep. Lynch, Stephen F. [D-MA-8] · D · Cosponsor
- Brad Sherman · D · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/5072
- Open data entity: https://api.congress.gov/v3/bill/111/hr/5072
- us · 111-hr-5072 · source updated 7 April 2025