,,ii  #aag? ,,congress  #a/ ,session    
,s4 #baca  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ag1 #bjba ,mr4  
,te/] 7= himself & ,ms4 ,lummis7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require a review ( ! effects
 ( ,,fha mortgage insurance policies1   
practices1 & products on small-doll>    
mortgage l5d+1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,improv+ ,,fha ,support = ,small-,doll> 
,mortgages ,act ( #bjba4  #b4 ,review ( 
,,fha small-doll> mortgage practices    
7a7 ,congressional f9d+s ,! ,congress   
f9ds t--  7#a7 af=dable home[n]%ip      
opportunities are be+ h9d]$ due to !    
lack ( f9anc+ available = home pur*ases 
"u #ajj1jjj2  7#b7 accord+ to ! ,urban  
,in/itute1 small-doll> mortgage loan    
applications 9 #bjai 7 significantly m  
likely to be d5i$ by l5d]s ?an l>ge     
mortgage loans1 & ?is diff]5ce 9 d5ial  
rates _c be fully expla9$ by diff]5ces 9

 ! applicants' cr$it pr(iles2  7#c7     
accord+ to data compil$ by ,attom ,data 
solutions1 mortgage orig9ations = loans 
( #gj1jjj or less h decreas$ #ch p]c5t  
s9ce #bjji1 :ile !re has be5 a #fe-p]c5t
 increase 9 orig9ation ( mortgages = m  
?an #aej1jjj2  7#d7 ! mission ( ! ,f$]al
 ,h\s+ ,adm9i/ration 7ref]r$ to 9 ?is   
section z ! ,,fha7 is to s]ve cr$itwor?y
 borr[]s :o are und]s]v$ &              
disproportionately s]ve borr[]s ) l[]   
incomes1 b1 accord+ to ! ,urban         
,in/itute1 ! ,,fha s]ves a small] %>e ( 
borr[]s seek+ small-doll> mortgage loans
 ?an borr[]s seek+ l>g] loans at e      
income level2 &  7#e7 ! causes beh9d ^! 
v>iations are n fully und]/ood b m]it   
/udy t c\ld assi/ 9 fur!r+ ! ,dep>tm5t (
 ,h\s+ & ,urban ,developm5t's mission1  
includ+ meet+ ! h\s+ ne$s ( borr[]s !   
program is design$ to s]ve & r$uc+      
b>ri]s to home[n]%ip1 :ile protect+ !   
solv5cy ( ! ,mutual ,mortgage ,insurance
 ,fund4  7b7 ,review ,! ,secret>y (     
,h\s+ & ,urban ,developm5t 7ref]r$ to 9 

?is section z ! ,secret>y7 %all conduct 
a review ( its ,,fha s+le-family        
mortgage insurance policies1 practices1 
& products to id5tify any b>ri]s or     
imp$im5ts to support+1 facilitat+1 &    
mak+ available mortgage insurance =     
mortgages hav+ an orig9al pr9cipal      
obligation ( #ajj1jjj or less4 ,n lat]  
?an ! expiration ( ! #ab-mon? p]iod     
beg9n+ on ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y %all submit a report  
to ! ,congress describ+ ! f9d+s ( su*   
review & ! actions t ! ,secret>y w take1
 )\t adv]sely affect+ ! solv5cy ( !     
,mutual ,mortgage ,insurance ,fund4