§ 1716. Declaration of purposes of subchapter
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/usc/title-12/section-1716A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Congress declares that the purposes of this subchapter are to establish secondary market facilities for residential mortgages, to provide that the operations thereof shall be financed by private capital to the maximum extent feasible, and to authorize such facilities to—
(1)provide stability in the secondary market for residential mortgages;
(2)respond appropriately to the private capital market;
(3)provide ongoing assistance to the secondary market for residential mortgages (including activities relating to mortgages on housing for low- and moderate-income families involving a reasonable economic return that may be less than the return earned on other activities) by increasing the liquidity of mortgage investments and improving the distribution of investment capital available for residential mortgage financing;
(4)promote access to mortgage credit throughout the Nation (including central cities, rural areas, and underserved areas) by increasing the liquidity of mortgage investments and improving the distribution of investment capital available for residential mortgage financing; and
(5)manage and liquidate federally owned mortgage portfolios in an orderly manner, with a minimum of adverse effect upon the residential mortgage market and minimum loss to the Federal Government.
(June 27, 1934, ch. 847, title III, § 301, 48 Stat. 1252; May 28, 1935, ch. 150, § 30, 49 Stat. 300; Feb. 3, 1938, ch. 13, §§ 4, 5, 52 Stat. 23; June 3, 1939, ch. 175, §§ 15, 16, 53 Stat. 808; Mar. 28, 1941, ch. 31, § 5, 55 Stat. 62; July 1, 1948, ch. 784, § 1, 62 Stat. 1206; Aug. 10, 1948, ch. 832, title II, §§ 201, 202, 62 Stat. 1275; Aug. 8, 1949, ch. 403, § 4, 63 Stat. 576; Oct. 25, 1949, ch. 729, § 7, 63 Stat. 906; Apr. 20, 1950, ch. 94, title I, §§ 116, 122, 64 Stat. 57, 59;
Sept. 1, 1951, ch. 378, title II, § 205, title VI, § 608(b), 65 Stat. 303, 315; Apr. 9, 1952, ch. 173, 66 Stat. 51; July 14, 1952, ch. 723, §§ 3(a), 10(a)(2), 66 Stat. 602, 603; June 30, 1953, ch. 170, §§ 12, 13(a), 67 Stat. 125; June 29, 1954, ch. 410, § 1(1), 68 Stat. 320; Aug. 2, 1954, ch. 649, title II, § 201, 68 Stat. 612; Pub. L. 90–448, title VIII, § 802(b), Aug. 1, 1968, 82 Stat. 536; Pub. L. 101–73, title VII, § 731(m)(1), Aug. 9, 1989, 103 Stat. 435; Pub. L. 102–550, title XIII, § 1381(a), Oct. 28, 1992, 106 Stat. 3994.)
Connections151 cite this · traces to 4
Cited by 151 sections · top 60
public-private-law
CFR
U.S. Code
- § 1717Federal National Mortgage Association and Government National Mortgage Association
- § 4502Definitions
- § 1721Management and liquidation functions of Government National Mortgage Association
- § 4511Establishment of the Federal Housing Finance Agency
- § 4617Authority over critically undercapitalized regulated entities
- § 4566Monitoring and enforcing compliance with housing goals
- § 1719Secondary market operations
- § 1718Capitalization of Federal National Mortgage Association
- § 1723Management
- § 4564Discretionary adjustment of housing goals
- § 78ooFederal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks
- § 1301ABOLISHMENT OF OFHEO.
- § 4603Transition
- § 5261Gain or loss from sale or exchange of certain preferred stock
statutes-at-large
- Public Law 90–448
- Public Law 137
- Public Law 112
- Public Law 560
- Public Law 89–174
- Public Law 299providing for the conveyance to the city of Canton, South Dakota, of the Canton Insane Asylum, located in Lincoln County, South Dakota” (60 Stat. 998), as may be necessary to permit the city of Canton to lease such lands or any part thereof for private use
- Public Law 89–566
- Public Law 438
- Public Law 527
- Public Law 94
- Public Law 241
- Public Law 424for making further and more effectual provisions for the national defense, and for other purposes”, approved June 3, 1916, be amended by providing that on and after July 1, 1987, there shall be officers as now authorized by law, except that there shall be four assistants to the Surgeon General with
- Public Law 85–361
- Public Law 347
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 117–103Making consolidated appropriations for the fiscal year ending September 30, 2022, and for providing emergency assistance for the situation in Ukraine, and for other purposes
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Traces to 4 documents
U.S. Code
- Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations§ 1716b
- Federal National Mortgage Association and Government National Mortgage Association§ 1717
- Insurance of mortgages§ 1706c
- General authorization to delegate functions; publication of delegations§ 301
45 references not yet in our index
- June 27, 1934, ch. 847
- 48 Stat. 1252
- May 28, 1935, ch. 150, § 30
- 49 Stat. 300
- Feb. 3, 1938, ch. 13
- 52 Stat. 23
- June 3, 1939, ch. 175
- 53 Stat. 808
- Mar. 28, 1941, ch. 31, § 5
- 55 Stat. 62
- July 1, 1948, ch. 784, § 1
- 62 Stat. 1206
- Aug. 10, 1948, ch. 832
- 62 Stat. 1275
- Aug. 8, 1949, ch. 403, § 4
- 63 Stat. 576
- Oct. 25, 1949, ch. 729, § 7
- 63 Stat. 906
- Apr. 20, 1950, ch. 94
- 64 Stat. 57
- Sept. 1, 1951, ch. 378
- 65 Stat. 303
- Apr. 9, 1952, ch. 173
- 66 Stat. 51
- July 14, 1952, ch. 723
- 66 Stat. 602
- June 30, 1953, ch. 170
- 67 Stat. 125
- June 29, 1954, ch. 410, § 1(1)
- 68 Stat. 320
- Aug. 2, 1954, ch. 649
- 68 Stat. 612
- Pub. L. 90–448, title VIII, § 802(b)
- 82 Stat. 536
- Pub. L. 101–73, title VII, § 731(m)(1)
- 103 Stat. 435
- Pub. L. 102–550, title XIII, § 1381(a)
- 106 Stat. 3994
- Pub. L. 102–550, § 1381(a)(1)
- Pub. L. 102–550, § 1381(a)(3)
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§ 1716
Declaration of purposes of subchapter
Fed. Reg.×67
Stat.×28
U.S.C.×27
Bills×17
C.F.R.×5
Stat. Comp.×4
Pub. L.×3
ActJune 27, 1934, ch. 847
Stat.48 Stat. 1252
ActMay 28, 1935, ch. 150, § 30
Stat.49 Stat. 300
ActFeb. 3, 1938, ch. 13
Cites 49 · showing 9Cited by 151 across 7 sources