3.0.0 600 2019-11-15T20:54:22Z 2019-11-15T20:54:22Z House H HR 2009-01-16 111 hsba00 Financial Services Committee House Standing Referred to 2009-01-16T21:01:42Z 2009-01-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-01-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-16 Introduced in House IntroReferral 1000 9 Library of Congress G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 N W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2009-01-16 True M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2009-01-16 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2009-02-09 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2009-02-09 False W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2009-02-09 False S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2009-02-09 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2009-02-09 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2009-02-09 False G000309 Rep. Gordon, Bart [D-TN-6] BART GORDON D TN 6 2009-02-09 False W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2009-02-09 False C001059 Rep. Costa, Jim [D-CA-20] Jim Costa D CA 20 2009-02-09 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2009-02-25 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2009-02-25 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2009-02-25 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2009-02-25 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2009-03-23 False S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2009-03-23 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2009-04-28 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2009-06-12 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2009-06-26 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2009-10-26 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2009-12-14 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2010-01-19 False Housing and Community Development Civil actions and liability Government lending and loan guarantees Housing finance and home ownership Real estate business Housing and Community Development 00 2009-01-16 Introduced in House 2009-03-20T19:40:02Z FHA Seller-Financed Downpayment Reform Act of 2009 - Amends the National Housing Act to make exceptions to the prohibition against mortgage insurance for mortgages involving a downpayment using funds furnished by: (1) the seller or any party that benefits financially from the transaction (seller-financed downpayment); or (2) any third party that is reimbursed by the seller or any such party.

Makes eligible for mortgage insurance, in spite of a seller-financed downpayment, any mortagors with credit scores equivalent to a FICO score of: (1) 680 or more; (2) at least 620 but less than 680; or (3) 619 or less. Prescribes conditions for mortgage insurance in the latter two situations.

]]> FHA Seller-Financed Downpayment Reform Act of 2009 Short Titles as Introduced FHA Seller-Financed Downpayment Reform Act of 2009 Display Title FHA Seller-Financed Downpayment Reform Act of 2009 Official Title as Introduced To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act. Introduced in House 2009-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr600ih/xml/BILLS-111hr600ih.xml 2009-01-16 Referred to the House Committee on Financial Services. 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.