House
Mar 12, 2014To ensure stability in FHA maximum mortgage amount limitations for areas experiencing decreases in median home prices.
Summary
Official
Stabilizing FHA Loan Limit Calculations Act of 2014 - Amends the National Housing Act, with respect to the mortgage insurance eligibility of a 1-family or a 2-, 3-, or 4-family residence, to revise the formula for determining the median house price in the larger formula for determining the principal obligation of a mortgage. Declares that, for 2014 and each succeeding year, the median...
Bill Progress
Bill has been introduced and assigned a number
Introduced(3/12/14)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
GM
Mr. MILLER
(R) CA – 42
Cosponsors (20)
Topics
Latest Action
Referred to the House Committee on Financial Services.
Mar 12, 2014