Sec. 2. FHA annual mortgage insurance premiums
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Subparagraph
(B)of section 203(c)(2) of the National Housing Act ( 12 U.S.C. 1709(c)(2)(B) ) is amended— in the matter preceding clause (i)— by striking may and inserting shall ; by striking not exceeding 1.5 percent and inserting not less than 0.55 percent ; and by inserting and not exceeding 2.0 percent of such remaining insured principal balance before for the following periods: ; and in clause (ii), by striking 1.55 percent and inserting 2.05 percent . The amendments made by subsection
(a)take effect upon the expiration of the 6-month period beginning on the date of the enactment of this Act.
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Sec. 2
FHA annual mortgage insurance premiums
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