,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dbjh  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ab1 #bjad    
,mr4 ,gary ,g4 ,miller of ,california   
7for himself1 ,mr4 ,sherman1 ,mrs4      
,carolyn ,b4 ,maloney of ,new ,york1    
,mr4 ,calvert1 ,mr4 ,mc,nerney1 and ,mr4
 ,king of ,new ,york7 introduced the    
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to ensure stability in ,,fha
 maximum mortgage amount limitations for
 areas experiencing decreases in median 
home prices4  #a4 ,short title ,this    
,act may be cited as the ,stabilizing   
,,fha ,loan ,limit ,calculations ,act of
 #bjad4  #b4 ,,fha maximum mortgage     
amount limitations ,paragraph 7#b7 of   
section #bjc7;b7 of the ,national       
,housing ,act 7#ab ,u4,s4,c4            
#agji7;b77#b77 is amended--  7#a7 in    
subparagraph 7,a77i71 by inserting      
before 2 or the following3 2 except that
 with respect to #bjad and each year    
thereafter1 the median house price for  

any size residence for an area shall1   
for purposes of this clause1 be         
considered to be equal to the greatest  
median house price for such size        
residence for such area used by the     
,secretary for purposes of determining  
the dollar amount limitation on the     
principal obligation for purposes of    
this section for #bjac 7pursuant to     
section #bch of ,public ,law #aab-ee2   
#abe ,stat4 #gjb71 or for any year      
thereafter before the assignment of the 
,federal ,housing ,administration case  
number for the mortgage involved2 and   
7#b7 by adding at the end the following 
undesignated paragraph3                 
,notwithstanding any other provision of 
law1 if the ,secretary determines1 for  
any geographic area that is smaller than
 an area for which dollar amount        
limitations on the principal obligation 
of a mortgage are determined under this 
paragraph1 that a higher such maximum   
dollar amount limitation is warranted   
for any particular size or sizes of     

residences in such sub-area by higher   
median home prices in such sub-area1 the
 ,secretary may increase the maximum    
dollar amount limitation for such size  
or sizes of residences for such sub-area
 that is otherwise in effect 7including 
pursuant to the first sentence of this  
paragraph71 but in no case to an amount 
that exceeds the amount specified in    
subparagraph 7,a77ii7 of this paragraph4
  4