H.R.6694 - FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008

To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages. view all titles (2)

All Bill Titles

  • Short: FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 as introduced.
  • Official: To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act and to authorize risk-based insurance premiums for certain mortgagors under such mortgages. as introduced.

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11/02/08
Shays campaign: In case you missed it

By Christopher Shays' campaign headquarters Congresswoman Maxine Waters (D-CA) on HR 6694: “"It was pushed basically by community groups and organizations ...

Source: Stamford Plus Magazine, CT
10/26/08
PUSH TO REVIVE RISKY LOANS

Shays told The Post he is co-sponsoring HR 6694, the bill that would bring back SFDPA - which was voted out of committee last month - because he wants to ...

Source: New York Post, NY
10/23/08
AmeriDream Responds to Greenspan Testimony

A bipartisan coalition in Congress has introduced HR 6694 to achieve this goal. HR 6694 will bring creditworthy "main street" homebuyers - each of whom ...

Source: MarketWatch
10/16/08
August Home Sales Surge Thanks in Part to Downpayment Assistance

Congress must pass HR 6694, a bipartisan plan to reauthorize and reform DPA programs. These buyers have a positive ripple effect across the economy, ...

Source: PR Newswire (press release), NY
10/16/08
August Home Sales Surge Thanks in Part to Downpayment Assistance

Congress must pass HR 6694, a bipartisan plan to reauthorize and reform DPA programs. These buyers have a positive ripple effect across the economy, ...

Source: MarketWatch
10/03/08
AmeriDream: There Is A Hole in Congress' Financial Rescue Package

Congress can fill this hole by passing HR 6694, a bipartisan plan to reauthorize DPA for qualified homebuyers." "Skeptics don't have to take our word for it ...

Source: MarketWatch
10/02/08
Ban on down-payment aid takes effect

A House bill, HR 6694, that sought to reinstate down-payment assistance (see Inman News article) before the Oct. 1 termination of the programs did not make ...

Source: Inman.com, CA
10/01/08
National Urban League, US Conference of Mayors and National ...

... members of Congress including Representatives Al Green, Maxine Waters, Gary Miller and Christopher Shays introduced a bi-partisan bill, HR 6694, ...

Source: MarketWatch
10/01/08
CBO Report: Downpayment Assistance Could Generate New Revenue for ...

... revenues for the federal government if Congress preserves them by passing HR 6694, according to a new report from the Congressional Budget Office (CBO). ...

Source: MarketWatch
10/01/08
National Urban League, US Conference of Mayors and National ...

... members of Congress including Representatives Al Green , Maxine Waters , Gary Miller and Christopher Shays introduced a bi-partisan bill, HR 6694, ...

Source: Earthtimes (press release), UK
10/01/08
CONFIRMED: Seller-Funded Downpayment Assistance Generates ...

HR 6694, a bipartisan bill introduced by Congressmen Green, Miller and Shays and Congresswoman Waters in July, would overrule this move and reinstate DPA ...

Source: Biloxi Sun Herald,  USA
10/01/08
Media Teleconference: Downpayment Assistance Banned

A bipartisan Bill to save DPA, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, or HR 6694, was introduced in ...

Source: PR-CANADA.net (press release), Montenegro
09/26/08
Rally Urges Support For Home Lending Program

Several members of Congress introduced HR 6694 to allow the program to continue a day later. Rally organizers say passage of the bill is vital to the ...

Source: North Central Ohio, OH
09/24/08
Mansfield realtors to sponsor rally to lobby Congress on down ...

“Passage of this bill, HR 6694, will certainly help in home sales not only in our area but in the entire US,” said Sharon Rawls, a home mortgage consultant ...

Source: Mansfield News Journal, OH
09/24/08
Mansfield realtors to sponsor Thursday rally to lobby Congress on ...

“Passage of this bill, HR 6694, will certainly help in home sales not only in our area but in the entire US,” said Sharon Rawls, a home mortgage consultant ...

Source: Mansfield News Journal, OH
09/21/08
Biz Buzz, Sunday, Sept. 21, 2008

Mortgage relief: Local mortgage manager Ken Richards of Prospect Mortgage has this to say: “The House passed HR 6694. This bill would reinstate FHA seller ...

Source: Grand Junction Sentinel, CO
09/18/08
Congress Should Protect Taxpayers and Retain the Ban on ‘Charity ...

“Today, the House Financial Services Committee will consider a bill (HR 6694) that would overturn the ban and purportedly protect the FHA by limiting the ...

Source: RisMedia.com (press release), CT
09/17/08
NAR endorses bill to save seller-funded gifts

In an attempt to "mend, not end" the use of seller-funded down-payment assistance, HR 6694 would tie its use to borrowers' credit scores. ...

Source: Inman.com, CA
09/17/08
Is Down Payment Assistance Coming Back?

The Bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, or HR 6694, is expected to move to the floor for a ...

Source: U.S. News & World Report, DC
09/16/08
Committee Approves Barney Frank’s HR 6870

HR 6870 was the fourth measure to be discussed on Tuesday and followed a fairly lengthy discussion of HR 6694, the FHA Seller-Financed Downpayment Reform ...

Source: Poker News Daily, NV
09/16/08
No down-payment help, no housing recovery

HR 6694 has been introduced to un-ban the SFDPA programs. FHA claims that the elimination of SFDPA programs will stop 300000 first-time home buyers from ...

Source: Inman.com, CA
09/16/08
HR 6694 is Approved by Key Congressional Committee

Ann Ashburn, President of AmeriDream, issued the following statement today after the House Financial Services Committee adopted HR 6694, ...

Source: MarketWatch
09/16/08
Congress Should Protect Taxpayers and Retain the Ban on 'Charity ...

"Today, the House Financial Services Committee will consider a bill (HR 6694) that would overturn the ban and purportedly protect the FHA by limiting the ...

Source: MarketWatch
09/13/08
Getting a loan is tough, here's what you need to know

"Support for HR 6694 in Congress is gaining steam," Ashburn said. "This is encouraging news, and the credit goes to the 32000 Americans who called on ...

Source: Arizona Republic, AZ
09/12/08
Unlocking the door to rigid homes loans

"Support for HR 6694 in Congress is gaining steam," Ashburn said. "This is encouraging news, and the credit goes to the 32000 Americans who called on ...

Source: AZ Central.com, AZ
09/10/08
AmeriDream: HR 6694 Scheduled for Markup Next Week

HR 6694 will be considered by the House Financial Services Committee, chaired by US Rep. Barney Frank (MA-4), on Tuesday, September 16th, 2008. ...

Source: MarketWatch
09/09/08
We should get behind HR 6694

I am writing to make everyone aware of HR 6694 which is pending federal legislation that, if approved, will allow prospective homeowners to continue to ...

Source: Bowling Green Daily News,  United States
09/08/08
Congressman Al Green Leads Rally with Minority and Housing ...

Speakers will call on Congress to pass HR 6694, a bill to reinstate DPA. The programs have played an integral role in the housing industry and the lives of ...

Source: MarketWatch
09/06/08
Industry pushes to restore aid by sellers

HR 6694, sponsored by Rep. Al Green, D-Texas, not only would reverse the ban included in the recently passed Housing and Economic Recovery Act but would ...

Source: Arizona Republic, AZ
09/02/08
Housing Bill Limits Government Agencies in Ability to Resell ...

If passed and signed into law, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (HR 6694) will allow downpayment ...

Source: eMediaWorld.com Newswire Press Release Distribution Service (press release), AZ

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