,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dhfa  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bc1     
#bjbf,mr4 ,peters 7for himself and ,mr4 
,cornyn7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to require 
the ,secretary of ,housing and ,urban   
,development to discount ,,fha          
single-family mortgage insurance premium
 payments for first-time homebuyers who 
complete a financial literacy housing   
counseling program4  #a4 ,short title   
,this ,act may be cited as the ,housing 
,financial ,literacy ,act of #bjbf4  #b4
 ,discount on mortgage insurance premium
 payments for first-time homebuyers who 
complete financial literacy housing     
counseling programs ,the second sentence
 of subparagraph 7,a7 of section        
#bjc7;c77#b7 of the ,national ,housing  
,act 7#ab ,u4,s4,c4 #agji7;c77#b77;,a77 
is amended-- 7#a7 by inserting before   
the comma the following3 and such       

program is completed before the         
mortgagor has signed an application for 
a mortgage to be insured under this     
title or a sales agreement2 and  7#b7 by
 striking not exceed #b4ge percent of   
the amount of the original insured      
principal obligation of the mortgage and
 inserting be #be basis points lower    
than the premium payment amount         
established by the ,secretary under the 
first sentence of this subparagraph4