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United States · Bill · HR

H.R. 14812 (93rd)

A bill to amend the National Housing Act to improve conditions in the housing market by increasing maximum mortgage amounts under the various FHA residential housing programs, by providing a $1.7-billion increase in GNMA's authority to purchase mortgages under the tandem plan, and by limiting the interest rate on mortgages which may be purchased under such plan.

referredUnited States· United States Congress· EN

Introduced

15 May 1974

Last action

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Status

Referred to House Committee on Banking and Currency.

Sponsors

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Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Increases the maximum mortgage amounts under specified Federal Housing Administration programs by providing a $1,700,000,000 increase in the Government National Mortgage Association's authority to purchase mortgages. Limits to 7 1/4 percent the interest rate on mortgages which may be purchased under such plan.

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Documents

1 official file

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