Variable Rate Mortgage Proposal and Regulation Q: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Committee on Banking, Currency and Housing, House of Representatives, Ninety-fourth Congress, First Session, April 8, 9, and 10, 1975
United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
U.S. Government Printing Office, 1975 - Adjustable rate mortgages - 448 pages
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able accounts additional amount average basis believe benefit billion BoMAR borrower California CANNoN Chairman charge competitive consumer continue contract cost deposit economic Edwards effect existing experience fact Federal Home Loan fixed rate flow funds give going Government happen higher Home Loan Bank housing income increase industry inflation interest rates issue January kind lender lending less limited loan associations Loan Bank Board look lower means monthly payments months mortgage rate offer option percent period permit portfolio possible present probably problem proposed question reason regulation Q result rise risk savers savings and loan ST GERMAIN statement subcommittee subsidizing talking term Thank thing thrift institutions tion trying variable rate mortgages WRM's yield
Page 151 - BEFORE THE SUBCOMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT OF THE COMMITTEE ON BANKING, CURRENCY AND HOUSING US HOUSE OF REPRESENTATIVES , APRIL 7, 1975 Mr.
Page 403 - At this point in the record I would like to ask unanimous consent to insert in the hearing transcript a copy of the President's remarks in appointing Miss Hanks.
Page 257 - Thank you, Mr. Chairman. Let me thank all of you for your testimony this morning and our chance to question you now.
Page 333 - Association, the Government National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the guarantee of mortgage backed securities for sale to the public debt market.
Page 328 - Development or any other officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by any other such officer or agency; or (iii) is intended to be sold by the depository institution that originates the loan to the Federal National Mortgage Association, the...
Page 77 - Neither the note evidencing the loan nor the mortgage securing the same shall be prejudiced by the application of the value and the change of shares, notwithstanding the fact that a provision for such application and change was not originally made in the note or mortgage, and both note and mortgage shall continue to be held by the bank as good and sufficient security for the balance remaining unpaid.
Page 202 - AMENABLE TO CLEAR EXPLANATION IN SIMPLE TERMS TO PROSPECTIVE BORROWERS WITH THE AID OF PUBLICLY AVAILABLE INFORMATION.
Page 13 - Committee on Banking, Currency and Housing Subcommittee on Financial Institutions Supervision, Regulation and Insurance Hearings on Variable Rate Mortgages Washington, DC April 8, 1975 Mr.