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December 14, 2007

Senate Vote - S. 2338: FHA Modernization

S. 2338: FHA Modernization Act of 2007
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes.

Debate, Votes

Amendments (GovTrack, Thomas)

On Passage of the Bill
Passed 93-1


FHA Loan Expansion Heading To a Vote
Hundreds of thousands of minority and moderate-income home buyers would become eligible to get low-rate, low-down-payment mortgages insured by the federal government under an agreement struck yesterday in the Senate.

Senate Passes Bill to Boost FHA Mortgage Loans
The Senate on Friday passed legislation designed to modernize the Federal Housing Administration's mortgage insurance program to give home buyers a safe, low-cost alternative to subprime loans.

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