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        Congressional Budget Office
1   Cost Estimate


June 28, 2019


By Fiscal Year, Millions of Dollars     2019                2019-2024              2019-2029

Direct Spending (Outlays)                  0                       0                      0


Revenues


0

0


Deficit Effect


0

0


0

0


The bill would
  *  Require the Federal Housing Administration to end a borrower's annual mortgage insurance premiums when
    the outstanding mortgage principal balance falls below 78 percent of the property value that was determined
    when  the mortgage was issued
  * Apply that requirement to mortgages insured after enactment of H.R. 3141

Estimated budgetary effects would primarily stem from
  *  Reducing the insurance premiums collected by the Federal Housing Administration and the Government
     National Mortgage Association

Areas of significant uncertainty include
  * Accurately projecting how demand for Federal Housing Administration mortgage insurance would change
     under the bill


                               Detailed estimate begins on the next page.










                  See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO  Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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