Code · BILL · 114th Congress · H.R. 1491 (Introduced in House) — To reform the housing finance system of the United States, and for other purposes. · Sec. 2

Sec. 2. Purpose

76 words·~1 min read·/bill/114/hr/1491/ih/section-2

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The purpose of this Act is to facilitate a liquid, transparent, and resilient single-family and multifamily mortgage credit market by supporting a robust secondary mortgage market, including as currently exists in the to be announced or TBA market, and preserving the liquidity of all products (including structures such as 10-, 15-, 20-, and 30-year fixed-rate mortgages) that are presently eligible to trade in such TBA market, including during the transition to the new housing finance system.