Require the Federal Housing Administration to end a borrower’s annual mortgage insurance premiums when the outstanding mortgage principal balance falls below 78 percent of the property value that was determined when the mortgage was issued
Apply that requirement to mortgages insured after enactment of H.R. 3141
Estimated budgetary effects would primarily stem from
Reducing the insurance premiums collected by the Federal Housing Administration and the Government National Mortgage Association
Areas of significant uncertainty include
Accurately projecting how demand for Federal Housing Administration mortgage insurance would change under the bill
