FEDERAL HOUSING ADMINISTRATION

Bills and resolutions

Credit: clarify that eligibility of certain mortgages with Federal credit enhancement may not be conditioned on the status of a mortgagor as a Deferred Action for Childhood Arrivals program beneficiary (see S. 1929), S4169 [20JN] (see H.R. 3154), H4348 [6JN]

Dept. of HUD: authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by FHA and require compliance with existing appraiser education requirement (see S. 1722), S3250 [5JN] (see H.R. 2852), H4010 [20MY]

——— discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete financial literacy housing counseling program (see H.R. 2162), H3216 [9AP]

——— issue guidance to reduce up-front premiums for FHA-insured mortgages if capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit (see H.R. 699), H996 [22JA]

——— limit collection of annual premiums under FHA program for mortgage insurance for single family housing (see S. 2572), S5748 [26SE] (see H.R. 3141), H4343 [5JN]

——— make necessary reforms to improve compliance with loss mitigation requirements by servicers of mortgages for single family housing insured by the FHA (see S. 2279), S5107 [25JY] (see H.R. 3958), H7462 [25JY]

Veterans: make homebuyers aware of all loan options by providing veterans with a written comparison of Dept. of Veterans Affairs, FHA, and conventional loan options and provide counseling on housing benefits (see S. 2835), S6507 [12NO]

Remarks in House

Dept. of HUD: authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by FHA and require compliance with existing appraiser education requirement (H.R. 2852), H7572, H7573 [10SE]

——— discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete financial literacy housing counseling program (H.R. 2162), H5278–H5280 [9JY], H8963 [19NO]

——— prohibit funding to bar or limit Deferred Action for Childhood Arrivals program beneficiaries from receiving mortgage loans backed by FHA, solely on the basis of their immigration status, H5061, H5062 [24JN]

Reports filed

FHA Loan Affordability Act: Committee on Financial Services (House) (H.R. 3141) (H. Rept. 116–282), H8782 [12NO]

Homeownership for DREAMers Act: Committee on Financial Services (House) (H.R. 3154) (H. Rept. 116–197), H7534 [6SE]

Texts of

H.R. 2162, Housing Financial Literacy Act, H5278 [9JY]

H.R. 2852, Homebuyer Assistance Act, H7572 [10SE]

S. 1722, FHA Appraiser Eligibility Expansion Act, S3255 [5JN]