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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Expressions et termes fréquents
1990 FHA reform 57 percent limit actuarial soundness administration Affordable Housing Act annual premium answer BAKER basis BEN ERDREICH BILL PAXON billion books of business buyers capital targets CARROLL HUBBARD Chairman GONZALEZ claims loss CLIFF STEARNS closing costs conference Congress Congressman CRAIG THOMAS Cranston-Gonzalez default rate Department DEPUTY SECRETARY DELLIBOVI downpayment equity requirements 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 KWEISI MFUME lenders loan-to-value caps mandated MARGE ROUKEMA MARY ROSE OAKAR MMI Fund Mortgage Insurance Fund mortgage insurance premium Mortgagee Letter Mutual Mortgage Insurance National Affordable Housing OAKAR overall paid Price Waterhouse model proposed regulations QUESTION FOR DEPUTY RICHARD K 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 4 - I thank you for holding this hearing and look forward to the witnesses
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 - The accompanying notes to the financial statements are an integral part of this statement.
Page 77 - ANSWER: In its study of FHA's Mutual Mortgage Insurance Fund (the Fund) last year. Price Waterhouse pinpointed lack of homeowner equity as the main cause of FHA's large number of claims during the 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...
Page 9 - Secretary shall approve) in excess of 98.75 percent of the appraised value of the property (97.75 percent, in the case of a mortgage with an appraised value in excess of $50,000), plus the amount of the mortgage insurance premium paid at the time the mortgage is insured. For purposes of the preceding sentence, the term 'appraised value...