- Truly Agreed To and Finally Passed -

SB 719 - This act amends Section 443.415, which relates to mortgage insurers' ability to insure a mortgage to allow insurance for up to 97% of the fair market value of real estate secured by a first lien or charge on the real estate security (currently 95%). The act would remove the requirement that the loan be extended to a low-income buyer, moderate-income buyer or a first-time buyer to purchase affordable housing.

MICHAEL HOEFERKAMP