S.607 - A bill to amend the National Housing Act to limit the fees that may be charged by the Government National Mortgage Association for the guaranty of mortgage-backed securities.100th Congress (1987-1988)
|Sponsor:||Sen. Cranston, Alan [D-CA] (Introduced 02/26/1987)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 02/26/1987 Read twice and referred to the Committee on Banking. (All Actions)|
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Summary: S.607 — 100th Congress (1987-1988)All Information (Except Text)
Introduced in Senate (02/26/1987)
Amends the National Housing Act to limit the Government National Mortgage Association mortgage guarantee fee to six basis points.
Sets administrative fees at September 1, 1985, levels, except that they may be increased to cover increased administrative costs.