FHA single family loan guarantee commitments capped at $400,000,000,000
What the document says“New commitments to guarantee single family loans insured under the Mutual Mortgage Insurance Fund shall not exceed $400,000,000,000, to remain available until September 30, 2027”
Division D caps new commitments to guarantee single family loans insured under the Mutual Mortgage Insurance Fund at $400,000,000,000, available until September 30, 2027, with $160,000,000 for administrative contract expenses and a formula adding more where commitments pass $200,000,000,000 before April 1, 2026, capped at $30,000,000.
What the document actually says“New commitments to guarantee single family loans insured under the Mutual Mortgage Insurance Fund shall not exceed $400,000,000,000, to remain available until September 30, 2027”
New promises to back home loans may not pass 400 billion dollars. They may be made up to September 30, 2027.
The government backs some home loans so lenders will make them. This is a limit on new backing, not a sum spent.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.