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Overhaul urged for nations housing finance system
A draft position paper to the president's housing commission argues the current structure, centered on savings and loans, is no longer adequate to fund home loans in the 1980s. It calls for inflation reduction and broader thrift powers to include checking, wider loan investments, and increased real estate activity, with final report due in April.
MENTIONED IN THIS ARTICLE
Washington
President
Commission On Housing
Savings and Loan Associations
Commission
Kent Colton
Savings and Loans and Mutual Savings Banks