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S. 2338 - FHA Modernization Act of 2007

Housing.
Sponsor:
Summary:
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes. (by CRS)
Status:
The bill was voted on in the Senate on December 14, 2007
Amendments:
2 proposed amendments. 1 accepted. 1 rejected. View amendments
Senate Vote: On Passage

PASSED on December 14, 2007.

1/2 required to pass

voted YES: 93 voted NO: 1

Other Votes:

FHA Modernization Act of 2007

S. 2338 — 110th Congress (2007–2008)

Summary
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes. (by CRS)
Learn More
at OpenCongress
Title
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes.
Other Titles
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
Sponsor
Christopher Dodd
Co-Sponsors
    Subjects
    • Housing
    • Aged
    • Budgets
    • Condominium (Housing)
    • Congress
    • Congressional investigations
    • Consumer credit
    • Consumers
    • Cooperative housing
    • Counseling
    • Department of Housing and Urban Development
    • Energy
    • Energy efficiency
    • Executive departments
    • Federal aid to housing
    • Fees
    • Finance
    • Foreclosure
    • Fraud
    • Government trust funds
    • Hawaii
    • Home equity conversion
    • Home ownership
    • Homestead law
    • Housing for the aged
    • Indian housing
    • Insurance premiums
    • Minorities
    • Mobile homes
    • Mortgage guaranty insurance
    • Mortgages
    • Performance measurement
    • Residential rehabilitation
    • Secondary mortgage market
    • Single family housing
    • Social services
    Related Bills
    Major Actions
    Introduced9/19/2007
    Referred to Committee
    Amendments (2 proposed)
    Passed Senate12/14/2007
    Bill History
    ChamberMotionDateResult
    select this voteSenateAmendment SA 3853 agreed to in Senate by Unanimous Consent.12/14/2007PASSED by voice vote
    select this voteSenateAmendment SA 3854 not agreed to in Senate by Voice Vote.12/14/2007DID NOT PASS by voice vote
    currently selectedSenateOn Passage - Senate - S. 2338 as Amended12/14/2007This bill PASSED the Senate
    93 voted YES 1 voted NO 6 voted present/not voting
    ActionDateDescription
    Introduced11/13/2007
    Put on a legislative calendar9/19/2007Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
    11/13/2007Sponsor introductory remarks on measure. (CR S14290-14291)
    11/13/2007Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Reid for Senator Dodd. With written report No. 110-227. Additional views filed.
    Put on a legislative calendar11/13/2007Placed on Senate Legislative Calendar under General Orders. Calendar No. 481.
    12/14/2007Measure laid before Senate by unanimous consent.
    12/14/2007Message on Senate action sent to the House.
    12/14/2007Amendment SA 3853 proposed by Senator Schumer for Senator Dodd.
    select this voteVote12/14/2007Amendment SA 3853 agreed to in Senate by Unanimous Consent.
    12/14/2007Amendment SA 3854 proposed by Senator Coburn.
    select this voteVote12/14/2007Amendment SA 3854 not agreed to in Senate by Voice Vote.
    currently selectedSenate Vote on Passage12/14/2007On Passage - Senate - S. 2338 as Amended
    12/17/2007Received in the House.
    12/17/2007Held at the desk.
    NumberSponsorDate OfferedStatus
    select this voteS. Amdt. 3853Dodd, Christopher [D-CT]December 14, 2007Passed by voice vote on December 13, 2007.

    To require a 12-month moratorium on the implementation of risk-based premiums for FHA insured mortgages.

    Show amendment details
    select this voteS. Amdt. 3854Coburn, Thomas [R-OK]December 14, 2007Failed by voice vote on December 13, 2007.

    To ensure the cap on Home Equity Conversion Mortgages is not permanently eliminated before a study regarding program costs and credits is submitted to Congress.

    Show amendment details
    2 Organizations Supported and 0 Opposed; See Which Ones
    2 Organizations Supported and 0 Opposed; See Which Ones

    Organizations that took a position on
    FHA Modernization Act of 2007: On Passage - Senate - S. 2338 as Amended

    2 organizations supported this bill

    National Association of Home Builders
    (n.d.). Senate FHA Bill Would Help Ease Subprime Crisis. Retrieved n.d., from .
    National Association of Realtors
    (n.d.). FHA Legislation Will Help Homeowners, Economy, Says NAR. Retrieved n.d., from .

    0 organizations opposed this bill

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    Includes reported contributions to congressional campaigns of Senators in office on day of vote, from interest groups invested in the vote according to MAPLight.org, January 1, 2003 – December 31, 2008.
    Contributions data source: OpenSecrets.org

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    Contributions By Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported    		$ From Interest Groups
    That Opposed    		Vote
    Akaka, DanielDHI$18,100$0Yes
    Alexander, LamarRTN$81,950$0Yes
    Allard, WayneRCO$2,000$0Yes
    Barrasso, JohnRWY$12,250$0Yes
    Baucus, MaxDMT$41,703$0Yes
    Bayh, EvanDIN$54,741$0Yes
    Bennett, RobertRUT$18,500$0Yes
    Biden, JosephDDE$77,225$0Not Voting
    Bingaman, JeffDNM$27,649$0Yes
    Bond, ChristopherRMO$56,200$0Yes
    Boxer, BarbaraDCA$102,525$0Not Voting
    Brown, SherrodDOH$48,250$0Yes
    Brownback, SamuelRKS$35,700$0Yes
    Bunning, JimRKY$32,800$0Yes
    Burr, RichardRNC$94,000$0Yes
    Byrd, RobertDWV$19,300$0Yes
    Cantwell, MariaDWA$49,750$0Yes
    Cardin, BenjaminDMD$151,131$0Yes
    Carper, ThomasDDE$32,150$0Yes
    Casey, RobertDPA$112,776$0Yes
    Chambliss, SaxbyRGA$100,275$0Yes
    Clinton, HillaryDNY$554,797$0Not Voting
    Coburn, ThomasROK$22,150$0Yes
    Cochran, ThadRMS$23,050$0Yes
    Coleman, NormRMN$122,520$0Yes
    Collins, SusanRME$51,100$0Yes
    Conrad, KentDND$23,000$0Yes
    Corker, BobRTN$184,785$0Yes
    Cornyn, JohnRTX$131,950$0Yes
    Craig, LarryRID$9,000$0Yes
    Crapo, MichaelRID$18,000$0Yes
    DeMint, JimRSC$151,772$0Yes
    Dodd, ChristopherDCT$73,650$0Not Voting
    Dole, ElizabethRNC$81,621$0Yes
    Domenici, PeteRNM$32,062$0Yes
    Dorgan, ByronDND$21,433$0Yes
    Durbin, RichardDIL$126,075$0Yes
    Ensign, JohnRNV$74,450$0Yes
    Enzi, MichaelRWY$13,250$0Yes
    Feingold, RussellDWI$44,273$0Yes
    Feinstein, DianneDCA$57,730$0Yes
    Graham, LindseyRSC$106,675$0Yes
    Grassley, CharlesRIA$44,950$0Yes
    Gregg, JuddRNH$27,200$0Yes
    Hagel, CharlesRNE$7,750$0Yes
    Harkin, ThomasDIA$37,500$0Yes
    Hatch, OrrinRUT$29,100$0Yes
    Hutchison, KayRTX$85,700$0Yes
    Inhofe, JamesROK$38,750$0Yes
    Inouye, DanielDHI$29,650$0Yes
    Isakson, JohnRGA$353,180$0Yes
    Johnson, TimDSD$21,750$0Yes
    Kennedy, EdwardDMA$46,800$0Yes
    Kerry, JohnDMA$32,648$0Yes
    Klobuchar, AmyDMN$71,216$0Yes
    Kohl, HerbertDWI$0$0Yes
    Kyl, JonRAZ$175,422$0No
    Landrieu, MaryDLA$71,683$0Yes
    Lautenberg, FrankDNJ$111,273$0Yes
    Leahy, PatrickDVT$7,450$0Yes
    Levin, CarlDMI$50,625$0Yes
    Lieberman, JosephICT$164,500$0Yes
    Lincoln, BlancheDAR$21,550$0Yes
    Lott, TrentRMS$30,000$0Yes
    Lugar, RichardRIN$55,400$0Yes
    Martinez, MelRFL$187,150$0Yes
    McCain, JohnRAZ$24,500$0Not Voting
    McCaskill, ClaireDMO$68,516$0Yes
    McConnell, MitchRKY$145,050$0Yes
    Menéndez, RobertDNJ$278,080$0Yes
    Mikulski, BarbaraDMD$38,400$0Yes
    Murkowski, LisaRAK$37,302$0Yes
    Murray, PattyDWA$34,950$0Yes
    Nelson, BenDNE$35,250$0Yes
    Nelson, BillDFL$155,440$0Yes
    Obama, BarackDIL$132,325$0Not Voting
    Pryor, MarkDAR$41,850$0Yes
    Reed, JohnDRI$26,800$0Yes
    Reid, HarryDNV$77,250$0Yes
    Roberts, PatRKS$30,350$0Yes
    Rockefeller, JohnDWV$36,050$0Yes
    Salazar, KenDCO$50,410$0Yes
    Sanders, BernardIVT$24,050$0Yes
    Schumer, CharlesDNY$141,040$0Yes
    Sessions, JeffersonRAL$65,550$0Yes
    Shelby, RichardRAL$132,400$0Yes
    Smith, GordonROR$68,085$0Yes
    Snowe, OlympiaRME$24,350$0Yes
    Specter, ArlenDPA$139,499$0Yes
    Stabenow, Debbie AnnDMI$48,725$0Yes
    Stevens, TedRAK$33,950$0Yes
    Sununu, JohnRNH$42,530$0Yes
    Tester, JonDMT$12,650$0Yes
    Thune, JohnRSD$104,180$0Yes
    Vitter, DavidRLA$84,380$0Yes
    Voinovich, GeorgeROH$90,600$0Yes
    Warner, JohnRVA$500$0Yes
    Webb, JimDVA$37,062$0Yes
    Whitehouse, SheldonDRI$25,480$0Yes
    Wyden, RonDOR$35,350$0Yes

    Add Data Filters:

    Legislator Filters
    Legislator Filters
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    		NamePartyState$ From Interest Groups
    That Supported    		$ From Interest Groups
    That Opposed    		Vote
    		Akaka, DanielDHI$18,100$0Yes
    		Alexander, LamarRTN$81,950$0Yes
    		Allard, WayneRCO$2,000$0Yes
    		Barrasso, JohnRWY$12,250$0Yes
    		Baucus, MaxDMT$41,703$0Yes
    		Bayh, EvanDIN$54,741$0Yes
    		Bennett, RobertRUT$18,500$0Yes
    		Biden, JosephDDE$77,225$0Not Voting
    		Bingaman, JeffDNM$27,649$0Yes
    		Bond, ChristopherRMO$56,200$0Yes
    		Boxer, BarbaraDCA$102,525$0Not Voting
    		Brown, SherrodDOH$48,250$0Yes
    		Brownback, SamuelRKS$35,700$0Yes
    		Bunning, JimRKY$32,800$0Yes
    		Burr, RichardRNC$94,000$0Yes
    		Byrd, RobertDWV$19,300$0Yes
    		Cantwell, MariaDWA$49,750$0Yes
    		Cardin, BenjaminDMD$151,131$0Yes
    		Carper, ThomasDDE$32,150$0Yes
    		Casey, RobertDPA$112,776$0Yes
    		Chambliss, SaxbyRGA$100,275$0Yes
    		Clinton, HillaryDNY$554,797$0Not Voting
    		Coburn, ThomasROK$22,150$0Yes
    		Cochran, ThadRMS$23,050$0Yes
    		Coleman, NormRMN$122,520$0Yes
    		Collins, SusanRME$51,100$0Yes
    		Conrad, KentDND$23,000$0Yes
    		Corker, BobRTN$184,785$0Yes
    		Cornyn, JohnRTX$131,950$0Yes
    		Craig, LarryRID$9,000$0Yes
    		Crapo, MichaelRID$18,000$0Yes
    		DeMint, JimRSC$151,772$0Yes
    		Dodd, ChristopherDCT$73,650$0Not Voting
    		Dole, ElizabethRNC$81,621$0Yes
    		Domenici, PeteRNM$32,062$0Yes
    		Dorgan, ByronDND$21,433$0Yes
    		Durbin, RichardDIL$126,075$0Yes
    		Ensign, JohnRNV$74,450$0Yes
    		Enzi, MichaelRWY$13,250$0Yes
    		Feingold, RussellDWI$44,273$0Yes
    		Feinstein, DianneDCA$57,730$0Yes
    		Graham, LindseyRSC$106,675$0Yes
    		Grassley, CharlesRIA$44,950$0Yes
    		Gregg, JuddRNH$27,200$0Yes
    		Hagel, CharlesRNE$7,750$0Yes
    		Harkin, ThomasDIA$37,500$0Yes
    		Hatch, OrrinRUT$29,100$0Yes
    		Hutchison, KayRTX$85,700$0Yes
    		Inhofe, JamesROK$38,750$0Yes
    		Inouye, DanielDHI$29,650$0Yes
    		Isakson, JohnRGA$353,180$0Yes
    		Johnson, TimDSD$21,750$0Yes
    		Kennedy, EdwardDMA$46,800$0Yes
    		Kerry, JohnDMA$32,648$0Yes
    		Klobuchar, AmyDMN$71,216$0Yes
    		Kohl, HerbertDWI$0$0Yes
    		Kyl, JonRAZ$175,422$0No
    		Landrieu, MaryDLA$71,683$0Yes
    		Lautenberg, FrankDNJ$111,273$0Yes
    		Leahy, PatrickDVT$7,450$0Yes
    		Levin, CarlDMI$50,625$0Yes
    		Lieberman, JosephICT$164,500$0Yes
    		Lincoln, BlancheDAR$21,550$0Yes
    		Lott, TrentRMS$30,000$0Yes
    		Lugar, RichardRIN$55,400$0Yes
    		Martinez, MelRFL$187,150$0Yes
    		McCain, JohnRAZ$24,500$0Not Voting
    		McCaskill, ClaireDMO$68,516$0Yes
    		McConnell, MitchRKY$145,050$0Yes
    		Menéndez, RobertDNJ$278,080$0Yes
    		Mikulski, BarbaraDMD$38,400$0Yes
    		Murkowski, LisaRAK$37,302$0Yes
    		Murray, PattyDWA$34,950$0Yes
    		Nelson, BenDNE$35,250$0Yes
    		Nelson, BillDFL$155,440$0Yes
    		Obama, BarackDIL$132,325$0Not Voting
    		Pryor, MarkDAR$41,850$0Yes
    		Reed, JohnDRI$26,800$0Yes
    		Reid, HarryDNV$77,250$0Yes
    		Roberts, PatRKS$30,350$0Yes
    		Rockefeller, JohnDWV$36,050$0Yes
    		Salazar, KenDCO$50,410$0Yes
    		Sanders, BernardIVT$24,050$0Yes
    		Schumer, CharlesDNY$141,040$0Yes
    		Sessions, JeffersonRAL$65,550$0Yes
    		Shelby, RichardRAL$132,400$0Yes
    		Smith, GordonROR$68,085$0Yes
    		Snowe, OlympiaRME$24,350$0Yes
    		Specter, ArlenDPA$139,499$0Yes
    		Stabenow, Debbie AnnDMI$48,725$0Yes
    		Stevens, TedRAK$33,950$0Yes
    		Sununu, JohnRNH$42,530$0Yes
    		Tester, JonDMT$12,650$0Yes
    		Thune, JohnRSD$104,180$0Yes
    		Vitter, DavidRLA$84,380$0Yes
    		Voinovich, GeorgeROH$90,600$0Yes
    		Warner, JohnRVA$500$0Yes
    		Webb, JimDVA$37,062$0Yes
    		Whitehouse, SheldonDRI$25,480$0Yes
    		Wyden, RonDOR$35,350$0Yes

    Interest Groups that supported this bill

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    		$ Donated
    		Real estate agents$6,780,094
    		Builders associations$336,375

    Interest Groups that opposed this bill

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    		$ Donated
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