A bill to remove certain limitations on the mortgage loan purchase authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.

Summary

Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to remove the limitation on the cumulative amount of conventional mortgages which are more than one year old that the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association may purchase. Provides for the purchase of such mortgages from the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, and the National Credit Union Administration.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 October 1981

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 14 October 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 October 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 November 1981

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 14 October 1981

  Open at official source

Sponsors

• Rep. Carman, Gregory W. [R-NY-3] · R · Sponsor
• · hsba00 · Standing

Related records

• related to → A bill to remove certain limitations on the mortgage loan purchase authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.