FHA Modernization Bill Takes a Turn for The Worse as Opposi-tion Arises in the Senate
August 3, 2006
After a triumphant passage in the House of Representatives, FHA modernization efforts appeared to hit a brick wall after the Senate Appropriations Committee jettisoned the reform provisions from a 2007 funding bill for the Department of Housing and Urban Development and other agencies. The HUD appropriations bill had been seen as the best chance for enacting FHA reform language that the House has effectively approved twice, in its own HUD funding bill as well as…