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Government Operations: Rationing Eligibility for Mortgage Bond Loans

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Report Type Reports and Testimonies
Report Date Jan. 1, 1992
Report No. 145416
Subject
Summary:

This article: (1) describes how bond issuers ration mortgage revenue bond loans to prospective buyers and suggests that state and local housing finance agencies have mixed results with their rationing methods; and (2) explains that a perceived lack of targeting has led to legislation which has tightened eligibility standards and may lead to even stricter standards in the future.

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