FHA Bill

Jason Peuquet — Wed, 19 Aug 2009 19:14:27 +0000

Date:

August 7, 2009

Who:

FHA

Policy Area:

Sector Policy (Non-Financial)

Economic Target:

Housing

Maximum Amount:

185000000000

Amount Spent Special Symbol:

The Federal Housing Administration (FHA) became the main source for home loans to borrowers with poor credit after subprime lending markets collapsed. This bill gives new lending authority to FHA’s mortgage insurance programs that play a large role in providing low-interest housing loans, raising the loan ceiling from $315 billion to $400 billion. Additionally, the bill increases the securities guarantee authority for the Government National Mortgage Association (Ginnie Mae) from $300 billion to $400 billion.

Source:

White House Press Release

Notes:

Maximum amount based on increases in loan ceiling and securities guarantee. Deficit impact unknown.

Is not a top-level node

Stimulus.org - FHA

FHA Bill