House votes to kill FHA short refis

Obama administration issues veto warning

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

In a largely symbolic move given the Obama administration’s veto warnings, the House of Representatives has voted to kill the Federal Housing Administration’s short refinancing program.

HR 830, The FHA Refinance Program Termination Act, was approved by the House in a 256-171 vote, with 18 Democrats joining 238 Republicans in favor of ending the program.