HR 487 · 104th Congress · Housing and Community Development

FHA Modernization and Efficiency Act of 1995

Introduced 1995-01-11· Sponsored by Rep. Orton, Bill [D-UT-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E406-407)(1995-02-22)

Plain Language Summary

[AI summary unavailable — showing source text] FHA Modernization and Efficiency Act of 1995 - Amends the National Housing Act to revise single family mortgage insurance program provisions regarding: (1) maximum mortgage amount floor; (2) downpayment calculations and family loans; (3) new construction; (4) condominiums; (5) direct endorsement mortgages; and (6) two-step adjustable mortgages.…

Summarized by Claude AI · Non-partisan · For informational purposes only