H.R. 4159 · 115th Congress
Making FHA More Affordable Act of 2017
- Stage
- In committee
- Sponsor
- Maxine Waters
- Introduced
- 2017-10-26
- Latest action
- 2017-10-26 · Introduced in House
Summary
Making FHA More Affordable Act of 2017
This bill amends the National Housing Act to require 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.