HB123
Type: B Origin: House USA Comments: 0

Alternative Data For Additional Credit Fha Pilot Program Reauthorization Act

Summary
User Reviews

AI Summary

The "Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act" aims to renew a program that allows the Federal Housing Administration (FHA) to consider alternative data sources in assessing creditworthiness for mortgage applicants. This bill seeks to expand access to credit by enabling lenders to use non-traditional data, such as rental history and utility payments, in their loan approval process. By reauthorizing this pilot program, the legislation intends to help more individuals qualify for FHA-insured mortgages and promote greater inclusivity in the housing market.

Bill Activity

  • 2023-01-09: Introduced in House

  • 2023-01-09: Referred to the House Committee on Financial Services.

Overall Bill Rating

0.0
0.0
0.0
0.0
0.0
0.0
Text Versions (1)
Bill Discussion Board

Share your views on the Bill

User Icon

Min. 50 characters required  |  (0/1000 Character)

Contributions (0)
Add Contribution+2 pts.

Contribute Your Insights: Add a Unique Perspective to Political Bills. Your Contribution will be Featured Below the Primary Bill, Ordered by Date Added.