,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #higd  ,,in ,,the ,,house ,,of  
,,representatives  ,december #af1       
#bjbj,mr4 ,aguilar introduced the       
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to increase the principal   
obligation limits for mortgage insurance
 under the ,national ,housing ,act for  
residences in eligible metropolitan     
cities and urban counties4  #a4 ,short  
title ,this ,act may be cited as the    
,,fha ,fairness ,act4  #b4 ,,fha        
,principal obligation limits for        
residences in eligible cities and       
counties ,section #bjc7;b7 of the       
,national ,housing ,act 7#ab ,u4,s4,c4  
#agji7 is amended by adding at the end  
of paragraph 7#b7 the following         
undesignated paragraph3 ,notwithstanding
 any other provision of this paragraph1 
in the case of a residence located in an
 eligible city or county1 clause 7i7 and
 7ii7 of subparagraph 7,a7 shall be     
considered to require that a mortgage   

shall involve a principal obligation in 
an amount that does not exceed in the   
case of a #a-;family residence1 #abe    
percent of the median #a-;family house  
price in the eligible city or county in 
which the residence is located1 as      
defined by the ,secretary2 in the case  
of a #b-;family residence1 #abe percent 
of the median #b-;family house price in 
the eligible city or county in which the
 residence is located1 as defined by the
 ,secretary2 in the case of a #c-;family
 residence1 #abe percent of the median  
#c-;family house price in the eligible  
city or county in which the residence is
 located1 as defined by the ,secretary2 
and in the case of a #d-;family         
residence1 #abe percent of the median   
#d-;family house price in the eligible  
city or county in which the residence is
 located1 as defined by the ,secretary4 
,for the purposes of the preceding      
sentence1 the term eligible city or     
county means a metropolitan city or     
urban county 7as such terms are defined 

in section #ajb of the ,housing and     
,community ,development ,act of #aigd   
7#db ,u4,s4,c4 #ecjb77 that has a median
 #a-;family home price that exceeds the 
amount determined under subparagraph    
7,a77ii7 of this paragraph for the area 
7as the term is defined in the first    
sentence after subparagraph 7,b77 within
 which such city or county is located   
and is located in an area that1 as      
determined by the ,secretary1           
experienced a decrease in maximum       
principal obligation amount under this  
paragraph for #a-;family residences     
equal to or in excess of #bj percent    
between ,january #a1 #bjac1 and ,january
 #a1 #bjad4 4  #c4 ,effective date ,the 
amendment made by this ,act shall apply 
only to mortgages for which the         
mortgagee has issued credit approval for
 the borrower on or after ,january #a1  
#bjba4