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First Time FHA Mortgage Changes Ahead of House Vote
Senate approved a measure boosting up front costs for first time FHA borrowers and extending the $124,875 mortgage ceiling in high cost areas while authorizing an $8 billion housing funding increase next year. The bill, backed by Housing Secretary Kemp and Sen. Don Riegle, faces House opposition after July 4 recess.
MENTIONED IN THIS ARTICLE
Washington
Senate
William Roth
R-Del
Congress
Jack Kemp
Spon- Kemp Fors
Senate Banking Committee
Don Riegle
D-Mich
Riegle
Federal Housing Administration
Warren Lasko
Mortgage Bankers Association of America
Lasko
FHA
Loca
Lav and Loan
Baloo
Alan Cranston
D-Calif
Kemp