Federal Housing Administration's Mutual Mortgage Insurance Fund: Hearing Before the Subcommittee on Housing and Community Development of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Second Congress, First Session, May 8, 1991, Volume 4U.S. Government Printing Office, 1991 - 91 pages |
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... loan to value ratio . It is as if they are taking a double bite after coming to an agreement , Mr. Chairman . In light of that , I will carefully evaluate the testimony today . I hope it is a misunderstanding about the applicability of ...
... loan to value ratio . It is as if they are taking a double bite after coming to an agreement , Mr. Chairman . In light of that , I will carefully evaluate the testimony today . I hope it is a misunderstanding about the applicability of ...
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... loan - to - value mortgage is more likely to default . The 1990 FHA reforms provide for home buyers to contribute more up- front cash . The statute limits an FHA - insured mortgage to a princi- pal obligation of no more than 98.75 ...
... loan - to - value mortgage is more likely to default . The 1990 FHA reforms provide for home buyers to contribute more up- front cash . The statute limits an FHA - insured mortgage to a princi- pal obligation of no more than 98.75 ...
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... loans less than $ 50,000 , 2.25 for loans greater than $ 50,000 . The statutory lan- guage for this provision was meticulously negotiated . I recall word by word . Limitation on the amount of closing costs , and here is what we are ...
... loans less than $ 50,000 , 2.25 for loans greater than $ 50,000 . The statutory lan- guage for this provision was meticulously negotiated . I recall word by word . Limitation on the amount of closing costs , and here is what we are ...
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... loans which are being refinanced are already seasoned loans , so to speak , so , therefore , are less risky . In your ... loan to value ratio . Mr. WYLIE . Why , then , are you going to charge less risky loans the same as you charge for ...
... loans which are being refinanced are already seasoned loans , so to speak , so , therefore , are less risky . In your ... loan to value ratio . Mr. WYLIE . Why , then , are you going to charge less risky loans the same as you charge for ...
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... loan to value , as I had indicated earlier . We are treating them as if they have a loan to value of 90 percent , so there is an associated risk based premium of a half a point . This is consistent with our desire to associate premiums ...
... loan to value , as I had indicated earlier . We are treating them as if they have a loan to value of 90 percent , so there is an associated risk based premium of a half a point . This is consistent with our desire to associate premiums ...
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Expressions et termes fréquents
1990 FHA reform 57 percent limit actuarial soundness Affordable Housing Act annual premium BAKER basis BEN ERDREICH billion books of business buyers capital targets CARROLL HUBBARD Chairman GONZALEZ CLIFF STEARNS closing costs conference CONGRES LIBRARY CONGRESS LIBRARY CONGRESS THE LIBRARY Congressman CRAIG THOMAS Cranston-Gonzalez default rate Department DEPUTY SECRETARY DELLIBOVI DOUG BEREUTER downpayment ESTEBAN EDWARD TORRES FHA borrowers FHA Fund FHA loans FHA program FHA reform provisions fiscal Fund's GILLMOR going hearing HILL home purchase homebuyer homeowner homeownership HUD's implementation lender LIBRARY LIBRARY LIBRARY OF CONGRES LIBRARY OF CONGRESS MARGE ROUKEMA MARY ROSE OAKAR MMI Fund Mortgage Insurance Fund mortgage insurance premium Mortgagee Letter Mutual Mortgage Insurance National Affordable Housing overall paid Price Waterhouse model proposed regulations QUESTION FOR DEPUTY risk-based premium ROUKEMA Secretary Kemp seller streamlined refinance streamlined refinancing subcommittee testimony Thank upfront VENTO WEICHER WYLIE
Fréquemment cités
Page 1 - COMMITTEE ON BANKING, FINANCE, AND URBAN AFFAIRS, Washington, DC. The subcommittee met, pursuant to call, at 2 pm, in room 2128, Rayburn House Office Building, Hon.
Page 18 - I think that what is good for the goose is good for the gander...
Page 19 - This group includes the Chairman of the Federal Reserve Board, the Secretary of the Treasury, the Director of the Bureau of the Budget, and the Chairman of the Council of Economic Advisers.
Page 46 - Thank you, again, for holding this hearing and I look forward to the testimony.
Page 49 - I would first like to thank you, Mr. Chairman, and the other members of this committee, for giving me this opportunity to appear before you.
Page 38 - Mr. OXLEY. Thank you, and thank the gentleman for his incisive questions. He does raise some excellent points. The gentleman from Massachusetts. Mr. MARKEY. Thank you, Mr. Chairman. I want to thank you for holding this hearing today. I think it is very important. As I previously indicated, Glass-Steagall reform is truly a Sisyphean endeavor in which the prospect for successful enactment of a bill into law remains somewhat remote, given the competing and conflicting interests and objectives involved....
Page 7 - I also want to thank you, Mr. Chairman, and the other Members of this Subcommittee for the bipartisan support you have given OJP in working toward this mission.
Page 74 - OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT) CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEPTEMBER 30.
Page 77 - FHA's large number of claims during tha 1980s. This finding is consistent with every serious study of mortgage defaults. The 57 percent limit on closing costs increases homeowner equity. Without the 57 percent limit, the National Affordable Housing Act's loan-to-value caps alone would result in additional defaults on each year's business, which would jeopardize the achievement of the statutory capital targets.
Page 77 - National Affordable Housing Act. In a letter dated March 7, 1991 to Chairman Gonzalez, Secretary Kemp made this point clear. All the conference discussions concerning FHA were based upon the Price Waterhouse analysis of the Fund.