United States Code/Title 12/Chapter 11A
Title 12—Banks and Banking
Chapter 11A—Federal Home Loan Mortgage Corporation
- § 1451. Definitions
- § 1452. Federal Home Loan Mortgage Corporation
- § 1453. Capitalization of Federal Home Loan Mortgage Corporation
- § 1454. Purchase and sale of mortgages; residential mortgages; conventional mortgages; terms and conditions of sale or other disposition; authority to enter into, perform, and carry out transactions
- § 1455. Obligations and securities of the Corporation
- § 1456. Immunity of Corporation; audits and reporting requirements; data collection; Housing Advisory Council
- § 1457. Prohibited activities; penalties for violations by organizations, officers and members of organizations, and individuals
- § 1458. Territorial applicability
- § 1459. Separability
Notes
[edit]- Short Title
- Section 301 of title III of Pub. L. 91–351, as amended by Pub. L. 101–73, title VII, § 731(a), Aug. 9, 1989, 103 Stat. 429; Pub. L. 102–550, title XIII, § 1382(a), Oct. 28, 1992, 106 Stat. 4002, provided that:
- “(a) This title [enacting this chapter] may be cited as the ``Federal Home Loan Mortgage Corporation Act´´.
- “(b) It is the purpose of the Federal Home Loan Mortgage Corporation—
- “(1) to provide stability in the secondary market for residential mortgages;
- “(2) to respond appropriately to the private capital market;
- “(3) to 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; and
- “(4) to 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.”