#aafth ,,congress  #b;d ,session  ,h4   
,r4 #eica  ,,an ,,act  ,to require a    
review of the effects of ,,fha mortgage 
insurance policies1 practices1 and      
products on small-dollar mortgage       
lending1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,improving ,,fha ,support for ,small
 ,dollar ,mortgages ,act of #bjbj4  #b4 
,review of ,,fha small-dollar mortgage  
practices  7a7 ,congressional findings  
,the ,congress finds that--  7#a7       
affordable homeownership opportunities  
are being hindered due to the lack of   
financing available for home purchases  
under #gj1jjj2  7#b7 according to the   
,urban ,institute1 small-dollar mortgage
 loan applications in #bjag were denied 
by lenders at double the rate of denial 
for large mortgage loans1 and this      
difference in denial rates cannot be    
fully explained by differences in the   
applicants' credit profiles2  7#c7      
according to data compiled by ,attom    
,data solutions1 small-dollar mortgage  

originations have decreased #ch percent 
since #bjji1 while there has been a #fe 
percent increase in origination of      
mortgages for more than #aej1jjj2  7#d7 
the ,,fha's mission is to serve         
creditworthy borrowers who are          
underserved and1 according to the ,urban
 ,institute1 the ,,fha serves #bd       
percent of the overall market1 but only 
#ai percent of the small-dollar mortgage
 market2 and  7#e7 the causes behind    
these variations are not fully          
understood1 but merit study that could  
assist in furthering the ,department of 
,housing and ,urban ,development's      
mission1 including meeting the housing  
needs of borrowers the program is       
designed to serve and reducing barriers 
to homeownership1 while protecting the  
solvency of the ,mutual ,mortgage       
,insurance ,fund4  7b7 ,review ,the     
,secretary of ,housing and ,urban       
,development shall conduct a review of  
its ,,fha single-family mortgage        
insurance policies1 practices1 and      

products to identify any barriers or    
impediments to supporting1 facilitating1
 and making available mortgage insurance
 for mortgages having an original       
principal obligation of #gj1jjj or less4
 ,not later than the expiration of the  
#ab-month period beginning on the date  
of the enactment of this ,act1 the      
,secretary shall submit a report to the 
,congress describing the findings of    
such review and the actions that the    
,secretary will take1 without adversely 
affecting the solvency of the ,mutual   
,mortgage ,insurance ,fund1 to remove   
such barriers and impediments to        
providing mortgage insurance for such   
mortgages4  ,passed the ,house of       
,representatives ,march #b1             
#bjbj4;,clerk4