A bill to give the Government National Mortgage Association -Ginnie Mae- the legal authority to forgive outstanding mortgage payments on Lanham Act properties where it is shown that the property was sold at a price higher than the appraised market value.

referredUnited States· United States Congress· EN

Introduced

14 May 1980

Last action

—

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Summary

Amends the Federal National Mortgage Association Charter Act to authorize the Government National Mortgage Association (Ginnie Mae) to forgive outstanding mortgage payments on specified properties to the extent that such properties were sold at a price higher than the appraised market value.

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Documents

1 official file

Introduced in Senate
summary · EN · 14 May 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2700
Open data entity: https://api.congress.gov/v3/bill/96/s/2700