A bill to provide home buyers equitable access to the national secondary mortgage market.
Secondary Mortgage Market Equity Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to set forth a formula for increasing the maximum mortgage limitation for a one- to four- family residence in certain areas where high prevailing housing sales prices have limited housing opportunities.
Referred to Subcommittee on Housing and Community Development.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from HUD.
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