Federal Housing Corporation Charter Act

Summary

TABLE OF CONTENTS: Title I: Organization of Corporation Title II: Business of Corporation Title III: Transition Title IV: Provisions Relating to Government National Mortgage Association and Office of Federal Housing Enterprise Oversight Federal Housing Corporation Charter Act - Title I: Organization of Corporation - Establishes within the Department of Housing and Urban Development the Federal Housing Corporation. Title II: Business of the Corporation - States that the Corporation shall carry out mortgage insurance programs for single family and multifamily housing and health care facilities. Requires the Corporation to comply with public purpose requirements to be established by the Secretary of Housing and Urban Development, which shall include service to underserved homebuyers, areas, and rental markets, and low- and moderate-income families. Title III: Transition - Sets forth transition provisions. Title IV: Provisions Relating to Government National Mortgage Association and Office of Federal Housing Enterprise Oversight - Amends the National Housing Act to include the Corporation within the mortgage authority of the Government National Mortgage Association. Places the Corporation under the regulatory authority of the Director of the Office of Federal Housing Enterprise Oversight.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 November 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 8 November 1997

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• Introduced in House

  summary · EN · 8 November 1997

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