,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #eica  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ba1       
#bjbj,mr4 ,clay 7for himself and ,mr4   
,stivers7 introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,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 stymied 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 these     

denial rates were not related to        
applicants' creditworthiness2  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 
although the ,,fha's mission is to serve
 creditworthy borrowers who are         
underserved1 according to the ,urban    
,institute the ,,fha serves #bd percent 
of the overall market1 but only #ai     
percent of the small-dollar mortgage    
market2 and  7#e7 the ,,fha should play 
a greater role in supporting affordable 
homeownership opportunities by reducing 
barriers to small-dollar lending1 as is 
consistent with the ,department of      
,housing and ,urban ,development's      
mission1 including meeting the housing  
needs of borrowers the program is       
designed to serve and 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 take to remove such     
barriers and impediments to providing   
mortgage insurance for such mortgages   
without adversely affecting the solvency
 of the ,mutual ,mortgage ,insurance    
,fund4