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Washington, DC - September 30, 2010 - (RealEstateRama) -- Today, Rep. Gary Miller introduced H.R. 6256, the Strengthening FHA Through Shared Equity Homeownership Act of 2010. This legislation would establish a shared equity homeownership pilot program through the Federal Housing Administration to lessen the risk of homeownership and decrease FHA’s vulnerability to fluctuations in the housing market.

Washington, DC - October 9, 2009 - (RealEstateRama) -- The Subcommittee on Housing and Community Opportunity, chaired by Congresswoman Maxine Waters (D-CA), held a hearing today on “The Future of the Federal Housing Administration’s Capital Reserves: Assumptions, Predictions and Implications for Homebuyers”. FHA plays an increasingly important role in the nation’s housing market. Recent news articles have raised concerns about the FHA’s capital reserve fund, the account the agency uses to pay insurance claims to lenders when borrowers default on home loans. Assistant Secretary for Housing and FHA Commissioner David Stevens, testified today regarding steps FHA is taking to boost capital reserve levels.

Washington, DC - September 21, 2009 - (RealEstateRama) -- On Tuesday, the House unanimously passed the Federal Housing Administration (FHA) Multifamily Loan Limit Adjustment Act, a bill coauthored by Congressman Miller, to address the need for new construction or substantial rehabilitation of multifamily units in extremely high cost areas of the country.