FHA and FNMA in the Current Money Market: Hearing, Eighty-ninth Congress, Second Session. January 12, 1966U.S. Government Printing Office, 1966 - 96 էջ |
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Common terms and phrases
54 percent 89 days amount BARRETT BAUGHMAN borrowings BROWNSTEIN builders cent cent cent Chairman commitment committee common stock Congress corporation corporation's costs debentures effect established FEDERAL HOUSING ADMINISTRATION Federal National Mortgage Federal Reserve Board FHA secs FHA-insured and VA-guaranteed FHA-insured home mortgage FHA-insured mortgages FNMA Charter Act FNMA's secondary market gages GONZALEZ Government HARVEY home buyers home financing home improvement loans homebuilding immediate purchase prices increase Interest rate Type January 18 July 17 June 30 lenders market prices million money market months mort mortgage financing mortgage funds mortgage investments mortgage purchases mortgages insured mortgagors National Mortgage Association offer to FNMA period preferred stock private investors privately financed purchases and sales range of market reduced REUSS schedule secondary market facility secondary market operations secondary mortgage market sellers Sept special assistance functions ST GERMAIN tion Treasury securities U.S. Treasury WIDNALL yields
Սիրված հատվածներ
Էջ 76 - In the interest of assuring sound operation, the prices to be paid by the Association for mortgages purchased in its secondary market operations under this section, should be established, from time to time, within the range of market prices for the particular class of mortgages involved, as determined by the association.
Էջ 77 - The first sentence of section 303 (b) of such Act is amended by inserting immediately before the period at the end thereof the following : " ; and by requiring each borrower to make such payments, equal to not more than one-half of 1 per centum of the amount lent by the Association to such borrower under section 304".
Էջ 54 - Fund, or invested in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States.
Էջ 60 - ... provide supplementary assistance to the secondary market for home mortgages by providing a degree of liquidity for mortgage investments, thereby improving the distribution of investment capital available for home mortgage financing...
Էջ 60 - ... (c) manage and liquidate the existing mortgage portfolio of the Federal National Mortgage Association in an orderly manner, with a minimum of adverse effect upon the home mortgage market and minimum loss to the Federal Government. CREATION OF ASSOCIATION SEC. 302. (a) There is hereby created a body corporate to be known as the "Federal National Mortgage Association" (hereinafter referred to as the "Association"), which shall be a constituent agency of the Housing and Home Finance Agency.
Էջ 77 - The Association shall accumulate funds for its capital surplus account from private and other sources by requiring each mortgage seller to make payments of nonrefundable capital contributions, equal to not more than 2 per centum...
Էջ 45 - Operations are basically a privately financed activity which provides supplementary assistance to the broad general secondary market for mortgages by providing a degree of liquidity for mortgage investments, thereby improving the distribution of investment capital available for mortgage financing.
Էջ 33 - Nevada New Hampshire New Mexico North Carolina North Dakota Oklahoma Oregon Puerto Rico South Carolina South Dakota Tennessee Texas Utah...
Էջ 30 - Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wyoming, Panama, Puerto Rico, and the Bodies of Taiwan, Japan, Okinawa, and Guam.
Էջ 32 - FNMA to purchase any mortgage; they are solely an invitation to the seller to make an offer to FNMA.