,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #eiae  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #i1 #bjba,mr4
 ,aguil> 7= himself & ,mr4 ,amodei7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to increase ! pr9cipal         
obligation limits = mortgage insurance  
"u ! ,national ,h\s+ ,act = resid5ces 9 
eligible metropolitan cities & urban    
c\nties1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,,fha   
,fairness ,act4  #b4 ,,fha ,pr9cipal    
obligation limits = resid5ces 9 eligible
 cities & c\nties  7a7 ,9 g5]al ,section
 #bjc7;b7 ( ! ,national ,h\s+ ,act 7#ab 
,u4,s4,c4 #agji7 is am5d$-- 7#a7 by     
/rik+ p>agraph 7#b7 & ins]t+ ! foll[+3  
7#b7 ,involve a pr9cipal obligation     
7includ+ su* initial s]vice *>ges1      
appraisal1 inspection1 & o!r fees z !   
,secret>y %all approve7 9 an am\nt--    
7,a7 n to exce$ ! less] (-- 7i7 9 ! case
 ( a #a-;family resid5ce1 ! great] (    
#aae p]c5t ( ! m$ian #a-;family h\se    

price 9 ! area1 z det]m9$ by !          
,secret>y1 or1 9 ! case ( a resid5ce    
locat$ 9 an eligible city or c\nty1 #abe
 p]c5t ( ! m$ian #a-;family h\se price 9
 ! eligible city or c\nty1 z det]m9$ by 
! ,secret>y2 &1 9 ! case ( a #b-1 #c-1  
or #d-;family resid5ce1 ! great] ( !    
p]c5tage ( su* m$ian price t be>s ! same
 ratio to su* m$ian price z ! doll>     
am\nt limitation det]m9$ "u ! six?      
s5t5ce ( section #aded7;a77#b7 ( ?is    
title = a #b-1 #c-1 or #d-;family       
resid5ce1 respectively1 be>s to ! doll> 
am\nt limitation det]m9$ "u su* section 
= a #a-;family resid5ce z det]m9$ by !  
,secret>y1 or1 ! #abe p]c5t ( ! m$ian   
#b-1 #c-1 or #d-;family h\se price1 z   
applicable1 9 ! eligible city or c\nty 9
 :i* ! resid5ce is locat$1 z def9$ by ! 
,secret>y2 or  7ii7 #aej p]c5t ( ! doll>
 am\nt limitation det]m9$ "u ! six?     
s5t5ce ( su* section #aded7;a77#b7 = a  
resid5ce ( applicable size2 except t !  
doll> am\nt limitation 9 effect "u ?is  
subp>agraph = any size resid5ce = any   

area may n be less ?an ! great] (-- 7,i7
 ! doll> am\nt limitation 9 effect "u   
?is section = ! area on ,octob] #ba1    
#aiih2 or  7,,ii7 #fe p]c5t ( ! doll>   
am\nt limitation det]m9$ "u ! six?      
s5t5ce ( su* section #aded7;a77#b7 = a  
resid5ce ( ! applicable size2 &  7,b7 n 
to exce$ #ajj p]c5t ( ! apprais$ value (
 ! prop]ty4  ,= purposes ( ! prec$+     
s5t5ce1 ! t]m area means a metropolitan 
/ati/ical area z e/abli%$ by ! ,(fice ( 
,managem5t & ,budget2 & ! m$ian         
#a-;family h\se price = an area %all be 
equal to ! m$ian #a-;family h\se price (
 ! c\nty )9 ! area t has ! highe/ su*   
m$ian price4  ,not)/&+ any o!r provision
 ( ?is p>agraph1 ! am\nt :i* may be     
insur$ "u ?is section may be increas$ by
 up to #bj p]c5t if su* increase is     
necess>y to acc\nt = ! increas$ co/ ( ! 
resid5ce due to ! in/allation ( a sol>  
en]gy sy/em 7z def9$ 9 subp>agraph 7#c7 
( ! la/ p>agraph ( section #b7;a7 ( ?is 
,act7 !re94  ,not)/&+ any o!r provision 
( ?is p>agraph1 ! ,secret>y may n       

insure1 or ent] into a commitm5t to     
insure1 a mortgage "u ?is section t is  
execut$ by a fir/-"t homebuy] & t       
involves a pr9cipal obligation 7includ+ 
su* initial s]vice *>ges1 appraisal1    
inspection1 & o!r fees z ! ,secret>y    
%all approve7 9 excess ( #ig p]c5t ( !  
apprais$ value ( ! prop]ty unless !     
mortgagor has complet$ a program (      
c\nsel+ ) respect to ! responsibilities 
& f9ancial managem5t involv$ 9          
home[n]%ip t is approv$ by ! ,secret>y2 
except t ! ,secret>y may1 9 ! discretion
 ( ! ,secret>y1 waive ! applicability ( 
?is requirem5t4  2 &  7#b7 by add+ at ! 
end ! foll[+3  7#aj7 ,def9itions ,= !   
purposes ( ?is subsection3 7,a7         
,eligible city or c\nty ,! t]m eligible 
city or c\nty means a metropolitan city 
or urban c\nty 7z su* t]ms are def9$ 9  
section #ajb ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjb77 t has a m$ian #a-;family home   
price t exce$s #aae p]c5t ( ! m$ian     
#a-;family home price = ! area )9 :i*   

su* city or c\nty is locat$ & is locat$ 
9 an area t1 z det]m9$ by ! ,secret>y1  
exp]i5c$ a decrease 9 maximum pr9cipal  
obligation am\nt "u ?is p>agraph =      
#a-;family resid5ces equal to or 9      
excess ( #bj p]c5t betwe5 ,janu>y #a1   
#bjac1 & ,janu>y #a1 #bjad4  7,b7 ,area 
,! t]m area means a metropolitan        
/ati/ical area z e/abli%$ by ! ,(fice ( 
,managem5t & ,budget4  4  #c4 ,effective
 date ,! am5dm5t made by ?is ,act %all  
apply only to mortgages ) respect to :i*
 ! ,commission] assigns a case numb] on 
or aft] ,janu>y #a1 #bjbc4