06/10/10 11:50 AM
DEBATE - Pursuant to the provisions of H.Res. 1424, the Committee of the Whole proceeded with 10 minutes of debate on the Garrett (NJ) amendment.
Amendment offered by Mr. Garrett (NJ).
06/10/10 11:50 AM
An amendment numbered 5 printed in House Report 111-503 to raise the FHA down payment requirement from 3.5% to 5% and prohibit closing costs from being rolled in as well.
06/10/10 11:49 AM
On agreeing to the Bean amendment Agreed to by voice vote.
06/10/10 11:42 AM
DEBATE - Pursuant to the provisions of H.Res. 1424, the Committee of the Whole proceeded with 10 minutes of debate on the Bean amendment.
Amendment offered by Ms. Bean.
06/10/10 11:42 AM
An amendment numbered 4 printed in House Report 111-503 to require HUD to submit an annual report to Congress discussing proposed or actual increases in the minimum cash investment requirements (downpayment requirements) in the FHA program. It further gives HUD the authority to establish higher minimum cash investment requirements for all or class(es) of borrowers and requires HUD to take into consideration the findings of the annual report.
06/10/10 11:41 AM
On agreeing to the Cao amendment Agreed to by voice vote.
06/10/10 11:38 AM
DEBATE - Pursuant to the provisions of H.Res. 1424, the Committee of the Whole proceeded with 10 minutes of debate on the Cao amendment.
06/10/10 11:37 AM
Amendment offered by Mr. Cao.
06/10/10 11:37 AM
An amendment numbered 3 printed in House Report 111-503 to include information about credit risk and financial counseling services to mortgagors in addition to the housing and loan modification information currently included in the bill.
On agreeing to the Cardoza amendment Agreed to by voice vote.
06/10/10 11:31 AM
DEBATE - Pursuant to the provisions of H.Res. 1424, the Committee of the Whole proceeded with 10 minutes of debate on the Cardoza amendment.
Amendment offered by Mr. Cardoza.
