Government-sponsored Enterprises (GSE's) Interim Housing Goals Performance in 1993 PDF Download
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Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
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Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Government-sponsored enterprises
Languages : en
Pages : 72
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Book Description
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
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Author: United States Congress Senate Banking
Publisher:
ISBN: 9781332262311
Category : Business & Economics
Languages : en
Pages : 84
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Excerpt from Government-Sponsored Enterprises (Gse's) Interim Housing Goals Performance in 1993 The Committee met at 10:20 a.m., in room SD-538, of the Dirksen Senate Office Building, Senator Donald W. Riegle, Jr. (Chairman of the Committee) presiding. Opening Statement Of Chairman Donald W. Riegle, Jr. The Chairman. The Committee will come to order. Let me welcome all those in attendance this morning, and most especially Secretary Cisneros, who is here with us today. I understand that Nicolas Retsinas, who serves as the Assistant Secretary of Housing, is also going to be with you and I see he has taken a seat at the table. The purpose of our hearing this morning is to focus on how Fannie Mae and Freddie Mac have performed in reaching their interim housing goals. These HUD requirements were established according to the Federal Housing Enterprises' Financial Safety and Soundness Act of 1992, which was a bipartisan effort led by this Committee to ensure that the GSE's - the Government-Sponsored Enterprises - worked to improve access to affordable housing and at the same time, to limit Government risk on potential losses. The goals were prompted in part by concern about whether Freddie Mac and Fannie Mae were sufficiently serving the home financing needs of low- and moderate-income families. Federal law bestows very special benefits upon the GSE's, like exemptions from State and local taxes, a $2.25 billion line of credit with the Treasury Department, and a market perception of an implicit Federal guarantee for more than $1 trillion of their liabilities. These are very valuable benefits, Grovemment-conferred, and last year, I think it's fair to say they helped the GSE's earn profits of $2.7 billion, while purchasing more than half of all new-home mortgages. In return for these privileges, the GSE's charters require them to serve specific public purposes, including providing financing assistance to low- and moderate-income borrowers and borrowers in central cities and other underserved areas. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: United States Congress Senate Committ
Publisher: Palala Press
ISBN: 9781379048756
Category : History
Languages : en
Pages : 78
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
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Category : Government publications
Languages : en
Pages :
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Category : Government publications
Languages : en
Pages : 1064
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Category : City planning
Languages : en
Pages : 420
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Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
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Author: United States. Congress. House. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 260
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