GNMA Loan Guarantee and Commitment Ceiling
Resolved that the National Association of Home Builders (NAHB) urge the Administration and Congress to maintain the Government National Mortgage Association (GNMA) guarantee fee at the current level, and that any future proposals to alter the guaranty fee be promulgated in accordance with accepted administrative rulemaking procedures,
Further resolved that NAHB urge Congress to eliminate the credit ceiling for the GNMA guarantee commitment program, and
Further resolved that GNMA review its policy of providing guarantees on securities for mobile home loans in light of recent losses.
Resolution originally adopted: 1987.1, Resolution No. 28Committee with primary jurisdiction:
- Housing Finance Committee
Leadership and Committees
Leadership and Committees
Resources for Senior Officers, the Leadership Council, Transitional Board, State Reps, NACs and committees.
Councils
Councils
Providing members the opportunity to network and develop policies that benefit their areas of interest.
