Oversight Hearing to Examine the Impact of FIRREA on the Federal Home Loan Bank System: Hearing Before the Subcommittee on General Oversight and Investigations of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, First Session, October 11, 1989 |
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affordable housing program allocation American Bankers Association ASSOCIATION OF REALTORS Bankers Association banks and credit BARNARD Beeksma borrowing burden capital Carroll Hubbard Chairman HUBBARD collateral commercial banks Committee on Banking community banks community investment Congress Congressman CONNELL cost credit unions district banks DITTENHAFER dividends Dugger eligible Enforcement Act Federal Home Loan FHLB System Finance and Urban Financial Institutions Reform FSLIC funds hearing HELFANT Home Loan Bank homeownership Housing Finance Board IBAA impact of FIRREA income interest rate legislation Loan Bank membership Loan Bank System low-income million mortgage loans National Association October 11 Oversight and Investigations PARRIS percent potential President profitability purchase question real estate Recovery and Enforcement reduced REFCO REFCORP regulatory residential mortgage retained earnings role savings and loan savings banks Savings Institutions Subcommittee Sullivan testimony Thank THIEMANN thrift industry thrift institutions tion Urban Affairs voluntary members Weiner
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Page 149 - I thank you for this opportunity to testify. I will be happy to answer any questions you might have.
Page 31 - ... 15a(3) to include as additional factors to be considered by the Interstate Commerce Commission in reviewing rates filed by carriers "the competitive necessity for the rate, its effect upon a lawful rate structure or adjustment, and its tendency, if any, to cast an unjust burden upon other traffic." While it is difficult or impossible to determine the exact impact of such new language until the Interstate Commerce Commission and the courts interpret it, the language would appear to mean the following...
Page 129 - AHP subsidies must be used to fund the purchase, construction, or rehabilitation of: • Owner-occupied housing for very low-income, or low- or moderate-income (no greater than 80 percent of area median income) households; or • Rental housing in which at least 20 percent of the units will be occupied by and affordable for very low-income (no greater than 50 percent of area median income) households.
Page 30 - A dollar now is equivalent in value to 46 cents 25 years ago," or some such figure. But people sort of want to have their cake and eat it, too. They want to...
Page 36 - ... be passed on to consumers in the form of lower prices or else will be absorbed as extra profits by the producers or the owners of productive property.
Page 26 - Sig, your statement will be included in the record and if you want to summarize it, please feel free to do so.
Page 150 - Loan Act of 1933 (12 USC 1425(aXb) is amended by inserting, at the end thereof, the following new sentence: "In the case of any member of the Federal Home Loan Bank System, the Federal Home Loan Bank...
Page 8 - ... all Federal Home Loan Bank members and removing the QTL test as a condition for access to advances will assist the Federal Home Loan Banks in fully realizing their potential in housing finance and community development lending. Furthermore, HUD supports the current requirement that institutions must have at least 10 percent of their assets in residential mortgage loans to be eligible for Federal Home Loan Bank membership, but our recommendation goes further to recommend that, in keeping with...
Page 22 - Each such association is required to be a member of the Federal Home Loan Bank System and have its accounts insured by the Federal Savings and Loan Insurance Corporation (24 CFR and Supps., Ch.
Page 142 - Hertel. and the members of the subcommittee, for the opportunity to testify on HH 4030.