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6/28/2007--Introduced.<br/>FHA Manufactured Housing Loan Modernization Act of 2007 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes). Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases. Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually instead of as part of a bundle of such loans.) Increases loan limits, requiring annual indexing. Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up to 1%. Revises requirements for the handling and disposal of any real or personal conveyed to or acquired by the Secretary of Housing and Urban Development (HUD), and the pursuit of all claims against mortgagors assigned to the Secretary by mortgagees. Directs the Secretary of HUD to establish underwriting criteria that will ensure the manufactured housing program's financial soundness.<br/>

1183003200 2007-06-28 Fri Nov 07 16:01:19 -0600 2008 introduced 45001 'act':18 'bill':2 'hous':7,17 'loan':8 'titl':12 'insur':9 'modern':4 'nation':16 'program':10 'manufactur':6 48124 official introduced 45001 'act':6 'fha':1 '2007':8 'hous':3 'loan':4 'modern':5 'manufactur':2 51254 short introduced 45001 1183003200 Thu Jun 28 00:00:00 -0500 2007 120629 B001233 1955-12-26 4768 131 Russell Senate Office Building http://bayh.senate.gov/contact/email/ 202-228-1377 Evan 'd':4 'sen':1 'bayh':3,7,9 'evan':2,6,8 M 300006 Bayh Evan_Bayh Sen. Evan Bayh [D, IN] 2128 N00003762 15666 Democrat 202-224-5623 Episcopalian IN Evan Bayh 3.40677966101695 http://bayh.senate.gov A000109 1943-12-02 2876 Wayne 'wayn':1,3,5 'allard':2,4,6 M 300003 Allard Wayne_Allard A. Wayne Allard 1835 N00009082 7104 Republican Protestant Wayne Allard C001070 5046 393 Russell Senate Office Building http://casey.senate.gov/contact/ 202-228-0604 Robert 'd':4 'pa':5 'sen':1 'casey':3,7,9 'robert':2,6,8 M 412246 Casey Robert_P._Casey,_Jr. P. Sen. Robert Casey [D, PA] 2408 N00027503 12024 Democrat 202-224-6324 PA Bob Robert Casey 2.82608695652174 http://casey.senate.gov/ introduced 45001 1183003200 Thu Jun 28 00:00:00 -0500 2007 120629 action 45001 1183003200 Thu Jun 28 00:00:00 -0500 2007 120630 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.