Federal housing administration

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Details
Title

Federal housing administration: An examination of proposed program changes

Creators/Contributors

Foote, B. Ellington (Author)

Date Issued

1986

Publisher

Library of Congress. Congressional Research Service

Notes

In its Fiscal Year 1987 Budget the Administration has proposed several changes to FHA's basic unsubsidized single-family housing program -- the program authorized under Section 203 (b) of the National Housing Act of 1934. This report examines the impact on potential moderate-income homebuyers and on the solvency of the Mutual Mortgage Insurance Fund of the proposal to (1) increase the one-time mortgage insurance premium to 5 percent of the mortgage, (2) require that the premium be paid in cash, and (3) limit eligibility in the FHA program to applicants earning $40,000 or less.

B. Elliington Foote, Analyst in Housing, Economics

CRS 86-613 E

"March 14, 1986."

SuDoc# 14. 18/3

Language

eng

Date

1986-01-01T00:00:00Z

Extent

18 pages

Genre

book

Type/Format

text