In addition to creating the FHA and the FSLIC, the National Housing Act
of 1934 authorized the creation of national mortgage associations, which were intended to be federally chartered private organization that bought and sold qualifying first mortgages.
Although no state has challenged the tax-exempt status under the 1996 MHPI to date, there have been numerous other tax appeal cases filed by states under former statutes involving prior military housing projects constructed on federally leased land, such as the National Housing Act
of 1949 (a.
According to Premier Aberhart, his government was always prepared to enact legislation to allow borrowing under the National Housing Act
Further, the legislative history of the National Housing Act
indicates a congressional intent that FSLIC obligations not be guaranteed by the United States.
In 1934, Congress passed the centerpiece of Roosevelt's housing legislation, the National Housing Act
, which established the Federal Housing Administration.
As part of President Franklin Roosevelt's New Beal plan to restructure the economy in the wake of the Great Depression, the Reconstruction Finance Corporation (RFC), under provisions of the National Housing Act
, chartered the National Mortgage Association of Washington as a subsidiary on Feb.
In addition to offering local resources, Congressman Fattah will reintroduce the Homeowners' Emergency Mortgage Assistance Act (HEMA) this month which would establish a program to assist homeowners experiencing unavoidable, temporary difficulty making payments on mortgages insured under the National Housing Act
New legislation designed to increase loan limits under the National Housing Act
for multifamily housing mortgage insurance has received unqualified support from the Hudson River Property Owners and Conservators Association (HRPOCA).
We also note that the National Housing Act
recently was amended to require creditors to provide a similar statement annually to borrowers on mortgages insured by the Federal Housing Administration.
5% of the total cover pool, consisted of National Housing Act
mortgage-backed securities (NHA-MBS).
The Housing and Economic Recovery Act of 2008 (HERA) transferred FHA's condominium mortgage insurance authority from Section 234 of the National Housing Act
to Section 203, requiring the issuance of updated administrative guidance as well as new underlying regulations.
This mortgage was put to HUD under the Section 221 program of the National Housing Act