A resolution to express the sense of the House of Representatives with respect to proposed limitations on the secondary mortgage activities and use of the securities of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association.

Summary

Expresses the sense of the House of Representatives that: (1) the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association should continue to provide mortgage lenders with an organized national secondary mortgage market; (2) any limitations on the ability of such entities to issue collateralized mortgage obligations will impair recent improvements in market efficiency that have helped rebuild the thrift industry and benefited home buyers at no cost to the Government; (3) any prohibition of the use of the securities of such entities as collateral in structured financings is harmful to the housing industry and will result in shifting credit risk from the private sector to the Government; and (4) any restriction on the secondary mortgage activities or the use of the securities of such entities should be implemented only following complete consideration by the appropriate congressional committees.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 22 February 1984

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.