Statement by the Press Secretary on H.R. 5872 and H.R. 5981

On Wednesday, August 11, 2010, the President signed into law:

H.R. 5872, the “General and Special Risk Insurance Funds Availability Act of 2010,” which provides the Department of Housing and Urban Development with an additional $5 billion in commitment authority to guarantee loans that are obligations of the General and Special Risk Insurance Funds and

H.R. 5981, which allows the Department of Housing and Urban Development increased flexibility in charging and establishing mortgage insurance premiums for certain loans insured by the Federal Housing Administration.