HR 3141 · 116th Congress · Housing and Community Development

FHA Loan Affordability Act of 2019

Introduced 2019-06-05· Sponsored by Rep. Phillips, Dean [D-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 227.(2019-11-12)

Plain Language Summary

[AI summary unavailable — showing source text] FHA Loan Affordability Act of 2019 This bill requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 3141, FHA Loan Affordability Act of 2019

Jun 28, 2019

As ordered reported by the House Committee on Financial Services on June 11, 2019

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office