| My Vote | All Votes |
| Aye | Ayes:2 |
| Nay | Nays:1 |
Expanding American Homeownership Act of 2007
To modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes.
Other Bill Titles
- Official: To modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes. as introduced.
- Short: Expanding American Homeownership Act of 2007 as passed house.
- Short: Expanding American Homeownership Act of 2007 as reported to house.
- Short: Expanding American Homeownership Act of 2007 as introduced.
9/18/2007--Passed House amended. Expanding American Homeownership Act of 2007 -
(Sec. 3) Amends the National Housing Act (Act) to:
(1) modify requirements governing the maximum principal loan obligation, changing it to 125% of the median one-family house price in more...
Voting History
| Date | Chamber | Question | Aye | Nay | Result |
| September 18, 2007 |
House |
On Passage: H R 1852 Expanding American Homeownership Act of 2007 |
348 |
72 |
Passed |
Details |
| September 18, 2007 |
House |
On Motion to Recommit with Instructions: H R 1852 Expanding American Homeownership Act of 2007 |
209 |
216 |
Failed |
Details |
| September 18, 2007 |
House |
On Agreeing to the Amendment: Amendment 7 to H R 1852 |
175 |
252 |
Failed |
Details |
| September 18, 2007 |
House |
On Agreeing to the Amendment: Amendment 5 to H R 1852 |
148 |
280 |
Failed |
Details |
| September 18, 2007 |
House |
On Passage: H R 1852 Expanding American Homeownership Act of 2007 |
348 |
72 |
Passed |
Details |
| September 18, 2007 |
House |
On Motion to Recommit with Instructions: H R 1852 Expanding American Homeownership Act of 2007 |
209 |
216 |
Failed |
Details |
| September 18, 2007 |
House |
On Agreeing to the Amendment: Amendment 7 to H R 1852 |
175 |
252 |
Failed |
Details |
| September 18, 2007 |
House |
On Agreeing to the Amendment: Amendment 5 to H R 1852 |
148 |
280 |
Failed |
Details |
All Bill Actions
- Sep 19, 2007: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Cardoza amendment.
- Sep 18, 2007: The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1852.
- Passed roll in the House on Sep 18, 2007. On passage Passed by recorded vote: 348 - 72 (Roll no. 876).
- Sep 18, 2007: On motion to recommit with instructions Failed by the Yeas and Nays: 209 - 216 (Roll no. 875).
- Sep 18, 2007: The previous question on the motion to recommit with instructions was ordered without objection.
- Sep 18, 2007: DEBATE - The House proceeded with 10 minutes of debate on the Price(GA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to clarify the identification individuals need to obtain affordable housing funds.
- Sep 18, 2007: Mr. Price (GA) moved to recommit with instructions to Financial Services.
- Sep 18, 2007: The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
- Sep 18, 2007: The previous question was ordered pursuant to the rule.
- Sep 18, 2007: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1852.
- Sep 18, 2007: UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which were debated earlier and on which further proceedings were postponed.
- Sep 18, 2007: POSTPONED PROCEEDINGS - At the conclusion of debate on the Biggert amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Biggert demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 20 minutes of debate on the Biggert amendment in the nature of a substitute.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Tiberi amendment.
- Sep 18, 2007: POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Hensarling amendment.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Bishop (NY) amendment.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Gary Miller of California amendment.
- Sep 18, 2007: DEBATE - Pursuant to the provisions of H. Res. 650, the Committee of the Whole proceeded with 10 minutes of debate on the Tierney amendment.
- Sep 18, 2007: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1852.
- Sep 18, 2007: The Speaker designated the Honorable Stephanie Tubbs Jones to act as Chairwoman of the Committee.
- Sep 18, 2007: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 650 and Rule XVIII.
- Sep 18, 2007: ORDER OF PROCEDURE - Mr. Frank (MA) asked unanimous consent that, during further consideration of H.R. 1852 in the Committee of the Whole, pursuant to H. Res. 650, amendment No. 2 may be offered out of order and by a cosponsor. Agreed to without objection.
- Sep 18, 2007: Rule provides for consideration of H.R. 1852 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.
- Sep 18, 2007: Considered under the provisions of rule H. Res. 650.
- Sep 18, 2007: Rule H. Res. 650 passed House.
- Sep 17, 2007: Rules Committee Resolution H. Res. 650 Reported to House. Rule provides for consideration of H.R. 1852 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.
- Sep 17, 2007: Supplemental report filed by the Committee on Financial Services, H. Rept. 110-217, Part II.
- Sep 17, 2007: PERMISSION TO FILE SUPPLEMENTAL REPORT - Mr. Al Green (TX) asked unanimous consent that the Committee on Financial Services may have permission to file a supplemental report on H.R. 1852. Agreed to without objection.
- Added to calendar on Jun 28, 2007: Placed on the Union Calendar, Calendar No. 133..
- Jun 28, 2007: Reported (Amended) by the Committee on Financial Services. H. Rept. 110-217.
- Added to calendar on May 03, 2007: Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 19..
- Added to calendar on May 03, 2007: Ordered to be Reported (Amended) by Voice Vote..
- May 03, 2007: Ordered to be Reported (Amended) by Voice Vote.
- May 02, 2007: Committee Consideration and Mark-up Session Held.
- Apr 24, 2007: Sponsor introductory remarks on measure. (CR H4032)
- Apr 24, 2007: Introductory remarks on measure. (CR H4032)
- Apr 19, 2007: Subcommittee Hearings Held.
- Apr 18, 2007: Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Mar 29, 2007: Referred to the House Committee on Financial Services.
- Introduced on Mar 29, 2007.
Bill Status
Users Tracking [31]
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Amendments to H.R.1852
| Number |
Status |
Purpose |
| H.Amdt794 |
Pass |
An amendment numbered 2 printed in House Report 110-330 to raise the FHA single family loan limit, by establishing such limit in each area as the lower of (a) 125% of the local median area home price or (b) 175% of the national GSE conforming loan limit; retain the FHA loan floor provision in the reported bill of 65% of the GSE conforming loan limit; and also gives HUD authority to raise these resulting loan limit amounts by up to $100,000 by area and/or by unit size `if market conditions warrant.'. |
| H.Amdt795 |
Pass |
An amendment numbered 1 printed in House Report 110-330 to direct the Secretary of the Department of Housing and Urban Development to provide mortgage insurance premium refunds to eligible borrowers of FHA insured loans, which were closed prior to December 8, 2004, but which were not endorsed until December 8, 2004 or after that date, and authorizes such sums as may be necessary for such refunds. |
| H.Amdt796 |
Pass |
An amendment numbered 3 printed in House Report 110-330 to allow qualified down payment assistance providers to participate in the FHA Program if certain conditions are satisfied (i.e. no obligation for mortgagor to repay and net worth requirement). The Secretary shall consider as cash or its equivalent any amounts gifted by a family member, the mortgagor's employer or labor union, or a qualified homeownership assistance entity, but only if there is no obligation on the part of the mortgagor to repay the gift. |
| H.Amdt797 |
Pass |
An amendment numbered 4 printed in House Report 110-330 to clarify requirements on reverse mortgages for seniors who own permanent foundation homes on leased land. |
| H.Amdt798 |
Fail |
An amendment numbered 5 printed in House Report 110-330 to strike the allowable use of FHA savings for an affordable housing fund. |
| H.Amdt799 |
Pass |
An amendment numbered 6 printed in House Report 110-330 to require the Secretary to ensure that the mortgagor receives counseling at the time of application. |
| H.Amdt800 |
Fail |
An amendment in the nature of a substitute numbered 7 printed in House Report 110-330 to reform the Federal Housing Administration's (FHA) single-family mortgage insurance activities and would allow FHA to base each borrower's mortgage insurance premiums on the risk that the borrower poses to the FHA Mortgage Insurance Fund, with slight variations. Under this proposal, mortgage insurance premiums will be based on the borrower's credit history, loan-to-value ratio, debt-to-income ratio, and on FHA's historical experience with similar borrowers. This amendment maintains FHA reserves within the insurance fund to preserve the future solvency of the FHA program. |
Bill Status
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| Introduced |  | Voted on by House |  | Voted on by Senate |  | Considered By President |  | Bill Becomes Law |
| March 29, 2007 | September 18, 2007 | | | |
In the News
Also this fall, the House passed the expanding American Homeownership Act of 2007, HR 1852, which would make FHA a viable refinance alternative for people ...
Source: PR Newswire (press release), NY
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The crisis was the impetus for House passage of Federal Housing Administration (FHA) modernization legislation (HR 1852), with an amendment to make FHA ...
Source: Affordable Housing Finance, CA
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The House also passed HR 1852, which could increase FHA loan amounts, on Sept. 18 but the Senate has not taken action. A 2005 study by the California ...
Source: Santa Cruz Sentinel, CA
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Blog Coverage
HR 1427 and HR 1852 previously passed the House; HR 5830, HR 5579 and HR 5720 have been reported out of committee, but have not been considered by the full House. " Now that that's clear.....
While the FHA modernization bill passed by the House last fall, HR 1852, would have allowed FHA to guarantee zero-down loans, the Senate bill approved in December, SB 2338, would have maintained a 1.5 percent minimum down payment ...
While the FHA modernization bill passed by the House last fall, HR 1852, would have allowed FHA to guarantee zero-down loans, the Senate bill approved in December, SB 2338, would have maintained a 1.5 percent minimum down payment ...
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Comments
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Seems like this bill is just lying in wait, why hasn't this bill been resolved between the House & the Senate?
5-7-08 -Is the raising of FHA loan limits (to a possible $416k? national limit) for REVERASE MORTGAGES in this legislation? It was kicked out of the Stimulus Act and added to several other bills. Congress dragging their feet and will soon go on vacation!
Does anyone know the status of this important legislation for seniors? Times are really tough for those of us on fixed incomes and we need those limits raised in order to obtain as much as possible from a reverse mortgage.
Help! ANY info most welcome.
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