Federal - HR 5931

A bill to require a review of the effects of FHA mortgage insurance policies, practices, and products on small-dollar mortgage lending, and for other purposes.

Introduced

February 21, 2020

Description

A bill to require a review of the effects of FHA mortgage insurance policies, practices, and products on small-dollar mortgage lending, and for other purposes.

Our Position

Support

Original Sponsor 1

Co-Sponsors 5

Latest Actions See More/Less

  • March 3, 2020 — Received in the Senate and referred to the Senate Banking, Housing and Urban Affairs Committee. Congressional Record p. S1295

  • March 2, 2020 — Measure, as amended, passed in the House by voice vote, under suspension of the rules (two-thirds vote required). Congressional Record p. H1428

  • March 2, 2020 — San Nicolas, D-Guam, motion to suspend the rules and pass the bill, as amended, agreed to by voice vote. Congressional Record p. H1426-H1428

  • March 2, 2020 — Additional cosponsor(s): 3

    Axne, (D-Iowa)Cleaver (D-Mo.)Fitzpatrick, (R-Pa.)
  • Feb. 28, 2020 — Full committee consideration and markup held by the House Financial Services Committee.

    Feb. 28, 2020 — Committee Vote: FHA Small Dollar Mortgages — Vote to Report

    Direct the secretary of Housing and Urban Development to review the Federal Housing Administration's single-family mortgage insurance policies, practices and products to identify barriers to supporting small dollar mortgages, i.e. mortgages under $70,000. It would require the secretary to report to Congress, within one year of the bill's enactment, its findings and actions the secretary will take to remove such barriers to providing mortgage insurance for such mortgages.

    Direct the secretary of Housing and Urban Development to review the Federal Housing Administration's single-family mortgage insurance policies, practices and products to identify barriers to supporting small dollar mortgages, i.e. mortgages under $70,000. It would require the secretary to report to Congress, within one year of the bill's enactment, its findings and actions the secretary will take to remove such barriers to providing mortgage insurance for such mortgages.

    Ordered reported favorably to the full House (as amended) .
  • Feb. 27, 2020 — Full committee consideration and markup held by the House Financial Services Committee.

    Feb. 27, 2020 — Committee Vote: FHA Small Dollar Mortgages — Substitute Amendment
      Clay, D-Mo. —

    Substitute amendment that would make technical changes.

    Substitute amendment that would make technical changes.

    Adopted by voice vote.
  • Feb. 25, 2020 — Additional cosponsor(s): 1

    Tlaib, (D-Mich.)
  • Feb. 21, 2020 — Original cosponsor(s): 1

    Stivers, (R-Ohio)
  • Feb. 21, 2020 — Read twice and referred to: House Financial Services.Congressional Record p. H1168