FHA Manufactured Housing Loan Modernization Act of 2005

3.0.0 4804 2023-01-13T04:49:08Z 2023-01-13T04:49:08Z House H HR 2006-02-16 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2006-07-26T22:11:17Z hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Markup by 2006-06-08T14:12:55Z Referred to 2006-03-21T20:20:05Z Reported by 2006-07-19T23:04:39Z Markup by 2006-06-14T16:06:27Z Referred to 2006-02-16T15:04:25Z H. Rept. 109-580 FHA Manufactured Housing Loan Modernization Act of 2005 109 2803 HR 2005-07-29 Referred to the Subcommittee on Housing and Community Opportunity. Identical bill CRS FHA Manufactured Housing Loan Modernization Act of 2005 109 2123 S 2006-04-04 Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation and Community Development. Hearings held. With printed Hearing: S.Hrg. 109-994. Identical bill CRS 2006-07-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2006-07-25 13:46:40 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2006-07-25 13:46:39 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 412 - 4 (Roll no. 398). (text: CR H5731-5732) Floor H37300 2 House floor actions 398 https://clerk.house.gov/evs/2006/roll398.xml House 109 2006-07-25T17:46:39Z 2 2006-07-25 13:46:39 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 412 - 4 (Roll no. 398).(text: CR H5731-5732) Floor 8000 9 Library of Congress 398 https://clerk.house.gov/evs/2006/roll398.xml House 109 2006-07-25T17:46:39Z 2 2006-07-25 13:38:37 Considered as unfinished business. (consideration: CR H5743) Floor H30000 2 House floor actions 2006-07-25 12:36:48 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2006-07-25 12:17:57 DEBATE - The House proceeded with forty minutes of debate on H.R. 4804. Floor H8D000 2 House floor actions 2006-07-25 12:17:55 Considered under suspension of the rules. (consideration: CR H5731-5734) Floor H30000 2 House floor actions 2006-07-25 12:17:36 Mr. Gillmor moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2006-07-19 Placed on the Union Calendar, Calendar No. 332. Calendars H12410 2 House floor actions U00332 2006-07-19 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-580. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2006-07-19 Reported (Amended) by the Committee on Financial Services. H. Rept. 109-580. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2006-06-14 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2006-06-08 hsba04 Housing and Insurance Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2006-03-21 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Housing and Community Opportunity. Committee 2006-02-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-02-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-02-16 Introduced in House IntroReferral 1000 9 Library of Congress T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2006-02-16 True 2006-07-11T04:00:00Z H.R. 4804, FHA Manufactured Housing Loan Modernization Act of 2006 http://www.cbo.gov/publication/17942 <p>Cost estimate for the bill as ordered reported by the Hosue Committee on Financial Services on June 14, 2006</p> 2006-07-11T04:00:00Z H.R. 4804, FHA Manufactured Housing Loan Modernization Act of 2006 https://www.cbo.gov/publication/17942 Cost estimate for the bill as ordered reported by the Hosue Committee on Financial Services on June 14, 2006 Housing and Community Development Administrative procedure Commerce Department of Housing and Urban Development Economics and Public Finance Evidence (Law) Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Indexing (Economic policy) Insurance premiums Law Mobile homes Mortgage banks Mortgage guaranty insurance Mortgages Prefabricated buildings Standards Housing and Community Development

00 2006-02-16 Introduced in House 2006-03-29T18:44:18Z FHA Manufactured Housing Loan Modernization Act of 2006 - 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.

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17 2006-07-19 Reported to House with amendment(s) 2006-09-13T23:30:52Z FHA Manufactured Housing Loan Modernization Act of 2006 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes).

Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases.

Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually instead of as part of a bundle of such loans.)

Increases loan limits, requiring annual indexing.

Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up to 1%.

Revises requirements for the handling and disposal of any real or personal conveyed to or acquired by the Secretary of Housing and Urban Development (HUD), and the pursuit of all claims against mortgagors assigned to the Secretary by mortgagees.

Directs the Secretary of HUD to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.

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36 2006-07-25 Passed House amended 2006-09-13T23:29:20Z (This measure has not been amended since it was reported to the House on July 19, 2006. The summary of that version is repeated here.)

FHA Manufactured Housing Loan Modernization Act of 2006 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes).

Increases loan limits, requiring annual indexing.

Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up to 1%.

Directs the Secretary of HUD to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.

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FHA Manufactured Housing Loan Modernization Act of 2006 Display Title FHA Manufactured Housing Loan Modernization Act of 2006 Official Title as Introduced To modernize the manufactured housing loan insurance program under title I of the National Housing Act. Introduced in House IH Short Titles as Introduced FHA Manufactured Housing Loan Modernization Act of 2006 Short Titles as Reported to House FHA Manufactured Housing Loan Modernization Act of 2006 H House Short Titles as Passed House FHA Manufactured Housing Loan Modernization Act of 2006 H House Referred in Senate 2006-07-26T04:00:00Z Engrossed in House 2006-07-25T04:00:00Z Reported in House 2006-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4804rh/xml/BILLS-109hr4804rh.xml Introduced in House 2006-02-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4804ih/xml/BILLS-109hr4804ih.xml 2006-07-26 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.