FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

Summary

Official

FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 - (Sec. 2) 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...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(7/31/08)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Green

House (D) Texas – 9

Cosponsors (20)

JOHNSON

(D) TX

ROTHMAN

(D) NJ

LEE

(D) CA

MILLER

(R) CA

Waters

House (D) California

Larsen

House (D) Washington

PASCRELL

(D) NJ

BACA

(D) CA

TERRY

(R) NE

SHAYS

(R) CT

Topics

Government Spending & Operations

Business & Finance

Law & The Judicial System

Latest Action

Placed on the Union Calendar, Calendar No. 582.

Oct 2, 2008