HR 2803 · 109th Congress · Housing and Community Development

FHA Manufactured Housing Loan Modernization Act of 2005

Introduced 2005-06-08· Sponsored by Rep. Feeney, Tom [R-FL-24]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(2005-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] FHA Manufactured Housing Loan Modernization Act of 2005 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes) to: (1) exempt such loans from certain financial institution portfolio limits; (2) establish loan-to-value ratio and downpayment requirements; (3) provide that any such contract shall be conclusive evidence of an institution's insurance eligibility; (4) increase loan limits; (5) set forth borrower premium charges; and (6) direct the Secretary of Housing and Urban Development to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.…

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

Cosponsors (20)

9 Democrats11 Republicans
Rep. Frank, Barney [D-MA-4]MA
Rep. Aderholt, Robert B. [R-AL-4]AL
Rep. Green, Mark [R-WI-8]WI
Rep. Carson, Julia [D-IN-7]IN
Rep. McIntyre, Mike [D-NC-7]NC
Rep. McCotter, Thaddeus G. [R-MI-11]MI
Rep. Renzi, Rick [R-AZ-1]AZ
Rep. Etheridge, Bob [D-NC-2]NC
Rep. Brown-Waite, Ginny [R-FL-5]FL
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Wicker, Roger F. [R-MS-1]MS
Rep. Fitzpatrick, Michael G. [R-PA-8]PA
Rep. Calvert, Ken [R-CA-44]CA
Rep. Miller, Jeff [R-FL-1]FL
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Brady, Robert A. [D-PA-1]PA
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Lee, Barbara [D-CA-9]CA
Rep. Scott, David [D-GA-13]GA
Rep. Chandler, Ben [D-KY-6]KY