HENRY B. GONZALEZ, Texas, Chairman FERNAND J. ST GERMAIN, Rhode Island J. WILLIAM STANTON, Ohio Columbia JERRY M. PATTERSON, California JOHN J. LAFALCE, New York JAMES J. BLANCHARD, Michigan DAVID W. EVANS, Indiana STANLEY N. LUNDINE, New York MARY ROSE OAKAR, Ohio BRUCE F. VENTO, Minnesota ROBERT GARCIA, New York MIKE LOWRY, Washington PARREN J. MITCHELL, Maryland CARROLL HUBBARD, JR., Kentucky NORMAN E. D'AMOURS, New Hampshire CHARLES E. SCHUMER, New York CHALMERS P. WYLIE, Ohio STEWART B. MCKINNEY, Connecticut THOMAS B. EVANS, JR., Delaware JIM LEACH, Iowa ED BETHUNE, Arkansas MARGE ROUKEMA, New Jersey DOUGLAS K. BEREUTER, Nebraska BARNEY FRANK, Massachusetts WILLIAM J. COYNE, Pennsylvania STENY H. HOYER, Maryland Brinkerhoff, Philip R., President, Federal Home Loan Mortgage Corporation... Cassidy, Dr. Henry J., Director, General Research Division, Office of Policy and Economic Research, Federal Home Loan Bank Board Law, Robert H., III, president, Timbers Corp., White Plains, N.Y......... Modigliani, Dr. Franco, institute professor, Sloane School of Management, ADDITIONAL MATERIAL SUBMITTED FOR INCLUSION IN THE RECORD Response to additional questions of Chairman Gonzalez 246 234 Cassidy, Dr. Henry J., prepared statement.... 334 Comptroller of the Currency, letter dated May 11, 1982, from Jo Ann S. 405 Articles submitted from various publications pertaining to inflation and 304 Letter dated September 3, 1982, to Chairman Gonzalez, re the subcommit- 300 Statement regarding hearing. 298 Mortgage Bankers Association of America, letter dated April 23, 1982, from Page 412 Mortgage Insurance Companies of America, letter dated April 21, 1982, from 416 National Association of Home Builders, letters from Fred Napolitano, president: Dated May 10, 1982. 417 Dated June 11, 1982. 418 National Association of Mutual Savings Banks, statement dated April 28, 1982......... 420 National Savings & Loan League, letter dated April 20, 1982, from Jim 424 "Readjustable Mortgages in an Inflationary Economy-A Study of the Israeli Experience," from Journal of International Law and Economics, January 1981......... 425 426 Summary of remarks at 1980 World Congress of the Internatonal Federation of Housing and Planning.... 442 Willcox, Roger: Chart referred to in oral presentation 358 360 JUNE 3, 1982 STATEMENTS Elliott, Raymond H., president, Federal Home Loan Bank of Boston. Kearns, Thomas J., vice president, Merrill Lynch White Weld Capital Mar- Kudlow, Lawrence A., Associate Director for Economics and Planning, Office McConnell, John J., professor of finance, University of Minnesota 668 744 705 ..... 581, 658 494 696 588 535 611 638 718 755 Maxwell, David O., chairman of the board, Federal National Mortgage Association........ Phillips, Craig, investment banker, Lehman Brothers Kuhn, Loeb, Inc. Tuccillo, John A., senior research associate, The Urban Institute ADDITIONAL MATERIAL SUBMITTED FOR INCLUSION IN THE RECORD Elliott, Raymond H.: 674 Response to additional written questions from Chairman Gonzalez............... Gourley, Willard, prepared statement on behalf of the Mortgage Bankers Association of America............. 773 747 Green, Roy G., prepared statement on behalf of the U.S. League of Savings Response to additional written questions from Chairman Gonzalez............. 533 530 |