House
Mar 12, 2014

To 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...

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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