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 4
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development
U.S. Government Printing Office, 1991 - 91 pages
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57 percent able accounting achieve actuarial soundness additional administration Affordable Housing Act agreement allow amount analysis annual answer audit basis believe billion borrowers buyers capital cash Chairman GONZALEZ changes claims closing costs concerned conference CONGRESS THE LIBRARY consider continue default DELLIBovi Department don't economic equity fact families FHA reform FHA's going hearing higher Hill implementation important income increased insurance premium intent interest issue keep less Letter liabilities LIBRARY OF CONGRESS loan loan-to-value look loss lower mean meet MMI Fund Mortgage Insurance Fund Mutual Mortgage Insurance National Affordable Housing paid period position premium Price Waterhouse problem proposed question refinancing regulations respect result risk ROUKEMA rule Secretary seller statement status streamlined subcommittee testimony Thank understand VENTO WEICHER WYLIE
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 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.