2010-06-14

FHA Reform Act of 2010


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Recent House Votes:
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FHA Reform Act of 2010
http://capwiz.com/congressorg/issues/votes/?votenum=353&chamber=H&congress=1112
Vote Passed (406-4, 21 Not Voting)

The House passed this bill that would allow the Federal Housing Administration (FHA) to
raise premiums for mortgage insurance, with the intent of boosting its dwindling reserves.
The bill now goes to the Senate.

Rep. Albio Sires voted
YES


It sounds like the government is running a business, and whenever they want to make a business decision (like raising prices to increase reserves), they have to take a vote!

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