Check it out:
H.R.1852
Title: 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.
Sponsor: Rep Waters, Maxine [CA-35] (introduced 3/29/2007) Cosponsors (13)
Related Bills: H.RES.650
Latest Major Action:
9/18/2007 Passed/agreed to in House. Status: Passed by recorded vote: 348 - 72 (Roll no. 876).
House Reports: 110-217, 110-217 Part 2
Press Release from the FHA:
News Release
HUD No. 07-139
Steve O'Halloran
(202) 708-0980
www.hud.gov/news/
For Release
Tuesday
September 18, 2007STATEMENT FROM HUD SECRETARY ALPHONSO JACKSON ON HOUSE PASSAGE OF FHA MODERNIZATION LEGISLATION
"Today's vote in the House brings us one step closer to getting a comprehensive FHA Modernization bill to the President's desk. While more work needs to be done, I'm grateful for the strong support that the President's proposals received in the House, and I urge the Senate to take up its version as soon as possible so we can help even more Americans keep their homes. I also appreciate the leadership and support of Barney Frank, Spencer Bachus, Maxine Waters, and Judy Biggert to reform FHA's mortgage insurance program.
The bipartisan reforms overwhelmingly passed by the House serve as a starting point to bring good news to families who need a safe, fair and affordable FHA alternative to the exotic subprime market. Now more than ever, Americans want financially sound mortgage options that won't turn the dream of homeownership into a nightmare. With the bill approved by the House today, we estimate FHA will be able to help hundreds of thousands of borrowers obtain an FHA-insured mortgage in 2008."
*I am consistently astonished at the voting record of Michele Bachmann (though I probably shouldn't be). This is another one of many votes that anyone opposing Bachmann should bring up time and time again. My hope (albeit a lofty hope) is that this blog, along with Dump Bachmann and many others, can be used as a tool to cut through some of the clutter of legislative research to find the particularly egregious voting record of Bachmann. I have enjoyed the debates between several blogs in the area over the potential candidate to oppose Bachmann. My sense is that having three candidates of varying strengths (even though they don't have varying names!) is only a good thing. My hope is that the best candidate (I am not sure who that is yet) will rise to the top and battle Michele in a way that Wetterling never seemed to have the heart for.
