Concurrent resolution expressing the sense of the Congress that the Federal Home Loan Bank Board should authorize the use of a wide variety of mortgage instruments.

Declares it the sense of Congress that the Federal Home Loan Bank Board should adopt regulations permitting Federal savings and loan associations to offer flexible mortgage instruments in states where State-chartered savings and loan associations are permitted to offer such types of mortgages and permits the Board to authorize a similar program in other States. Requires the Board to consider consumer safeguards, the existing competitive environment and the needs of Federal savings and loan associations before adopting such regulations.