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.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Housing and Community Development.
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