Summary: H.R.3420 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.3420. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/27/1983)

Secondary Mortgage Market Equity Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to set forth a formula for increasing the maximum mortgage limitation for a one- to four- family residence in certain areas where high prevailing housing sales prices have limited housing opportunities.