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Conventional vs. FHA/VA Mortgage
Pass-Through Market 1977-1981

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FEDERAL HOME LOAN MORTGAGE CORPORATION

CHARTER ACT

Short Title

Sec. 1 This act may be cited as the "Federal Home Loan

Mortgage Corporation Charter Act."

Purposes

Sec. 2 The Congress hereby declares that the purposes

of this Act are:

(a) to promote the flow of funds to the residential conventional mortgage market, to enhance the available secondary market facilities for residential conventional mortgages, to provide that the operations thereof shall be financed primarily by private capital to the maximum extent feasible, and to. authorize the Federal Home Loan Mortgage Corporation and any subsidiaries as may be formed by it to

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(1) create secondary markets in conventional mortgages and provide assistance to the existing secondary market for conventional mortgages by providing a greatly increased degree of liquidity for 'mortgage investments, thereby improving the distribution of investment capital available for conventional mortgage financing;

(2) adopt and foster such programs and policies

as shall increase the liquidity of investments in conventional mortgages and thereby attract additional investment capital to conventional mortgage financing;

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