Search / 3 posts tagged FHA Modernization Bill

Is it just me, or is anyone else getting tired of a new bill coming out of one side of Congress or the other every day proposing to change the FHA guidelines? I just received a great quote in an email from Cato Institute chairman William Niskanen: “The Senate has again demonstrated that its guiding principle is ‘Don’t just sit there.

One of the most common questions I receive from readers of this blog is regarding the status of the FHA Modernization Bill. Both chambers have passed differing versions of the same bill and the outstanding issues need to be resolved before it can be sent to the President for his signature.

According to Treasury Secretary Hank Paulson on Friday, a deal is close on the FHA modernization bill. This isn’t the first time I’ve heard this, so I’ll wait and see. The story published on Bloomberg.com is also light on some of the important details. It looks like the new mortgage insurance rules from the House bill will win out.