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SECONDARY MARKET FACILITIES FOR
CONVENTIONAL MORTGAGES

HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE

EIGHTY-EIGHTH CONGRESS

FIRST SESSION

ON

S. 810, S. 811, and S. 2130

BILLS RELATING TO THE ESTABLISHMENT OF NEW FACILITIES
FOR A SECONDARY CONVENTIONAL MORTGAGE MARKET

24-155 O

SEPTEMBER 17, 18, AND 19, 1963

UNIVE

Printed for the use of the Committee on Banking and Currency

STANF

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ALPHABETICAL LIST OF WITNESSES

Baker, Rex, vice chairman, Legislation Committee, National League of

Insured Savings Associations__

Buchanan, W. Evans, president, National Association of Home Builders;

accompanied by Thomas P. Coogan, past president and chairman,

Conventional Financing Committee; William Blackfield, first vice

president and chairman of governmental affairs program; and Joseph

McGrath, staff director, Government affairs program...

Carr, Dr. Hobart C., chairman of Banking and Finance Department,

School of Commerce, New York University..

Farrer, Richard C., chairman, Washington Realtors' Committee, National
Association of Real Estate Boards...

Kimbrel, M. Monroe, president, American Bankers Association; accom-
panied by Dr. Kurt Flexner, deputy manager and director, Mortgage
Finance Committee___.

Krooth, David, member, board of directors, National Housing Conference.
Mason, Norman P., housing consultant; formerly FHA Commissioner,
Administrator, HHFA, and Chairman of the Board of FNMA.
McMurray, Joseph P., chairman, Federal Home Loan Bank Board; accom-
panied by Kenneth Scott, General Counsel; and Harry Schwartz, ad-
viser to the Board and Director of Research...
Nathan, Robert, president, Robert Nathan Associates

Neel, Samuel, general counsel, Mortgage Bankers Association; accom-
panied by Graham T. Northup, director of Government relations.

Ring, Daniel S., general counsel, National Paint, Varnish & Lacquer

Association.

Semer, Milton P., General Counsel, Housing and Home Finance Agency;
J. Stanley Baughman, president, Federal National Mortgage Association;
and Philip J. Maloney, Deputy Commissioner, Federal Housing Ad-
ministration.

Warman, W. C., staff vice president, U.S. Savings & Loan League; accom-
panied by Stephen Slipher, legislative director; and T. Bert King,
counsel..

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Letter from W. Evans Buchanan, president, to Senator Javits with
an enclosure on metropolitan housing statistics...
Letter from Joseph B. McGrath, director of governmental affairs,
supplementing his statement, with enclosures_.

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