Senate Vote on FY 2019 T-HUD Bill Delayed; MBA Backs FHA Upgrades
July 27, 2018
The U.S. Senate has delayed vote on the FY 2019 spending bill for the Department of Transportation and the Department of Housing and Urban Development as lawmakers worked through amendments to ease the way for a vote prior to the summer recess. As this publication went to press, Senate lawmakers were expected to vote on key appropriation legislation before the July 27 summer break. They are trying to figure out a way to get it wrapped up so they can go home, said an industry source. FY 2019 funding for FHA loan commitments under the Mutual Mortgage Insurance Fund remained unchanged at $400 billion as did appropriations for the FHA’s general and special risk account, $30 billion. Lawmakers agreed to increase Ginnie Mae’s funding to $550 billion for the fiscal year as requested by the Trump administration, and to return to FY 2018 levels the funding for salaries and other administrative ...