There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/28/1989)

Amends the National Housing Act of 1934 to limit mortgage insurance eligibility to mortgagors whose family income is: (1) 115 percent or less of area median family income; and (2) 125 percent or less of statewide median income.

Repeals mortgage insurance ceilings on one-to-four family residences.