U.S. Code, Title 12, Banks and Banking

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 4544. Annual Housing Report

(a) In general

     After reviewing and analyzing the reports submitted under section 1723a(n) of this title and section 1456(f) of this title, the Secretary shall submit a report, as part of the annual report under section 4548(a) of this title, on the extent to which each enterprise is achieving the annual housing goals established under subpart 2 of this part and the purposes of the enterprise established by law.

(b) Contents

     The report shall—

     (1) aggregate and analyze census tract data to assess the compliance of each enterprise with the central cities, rural areas, and other underserved areas housing goal and to determine levels of business in central cities, rural areas, underserved areas, low- and moderate-income census tracts, minority census tracts, and other geographical areas deemed appropriate by the Secretary;

     (2) aggregate and analyze data on income to assess the compliance of each enterprise with the low- and moderate-income and special affordable housing goals;

     (3) aggregate and analyze data on income, race, and gender by census tract and compare such data with larger demographic, housing, and economic trends;

     (4) examine actions that each enterprise has undertaken or could undertake to promote and expand the annual goals established under sections 4562, 4563, and 4564 of this title, and the purposes of the enterprise established by law;

     (5) examine the primary and secondary multifamily housing mortgage markets and describe—

     (A) the availability and liquidity of mortgage credit;

     (B) the status of efforts to provide standard credit terms and underwriting guidelines for multifamily housing and to securitize such mortgage products; and

     (C) any factors inhibiting such standardization and securitization;

     (6) examine actions each enterprise has undertaken and could undertake to promote and expand opportunities for first-time homebuyers; and

     (7) describe any actions taken under section 4545(5) of this title with respect to originators found to violate fair lending procedures.

(Pub. L. 102–550, title XIII, § 1324, Oct. 28, 1992, 106 Stat. 3954.)

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 4544. Annual Housing Report," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed January 20, 2019, http://www.originalsources.com/Document.aspx?DocID=PWNWNG15YVJL9XP.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 4544. Annual Housing Report." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 20 Jan. 2019. www.originalsources.com/Document.aspx?DocID=PWNWNG15YVJL9XP.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 4544. Annual Housing Report' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 20 January 2019, from http://www.originalsources.com/Document.aspx?DocID=PWNWNG15YVJL9XP.