Emergency Home Finance Act of 1970

E335785

The Emergency Home Finance Act of 1970 is a U.S. federal law that restructured the housing finance system and established Freddie Mac to expand the secondary mortgage market and support homeownership.

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Label Occurrences
Emergency Home Finance Act of 1970 canonical 1

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Statements (45)

Predicate Object
instanceOf United States federal statute
housing finance law
affects Fannie Mae
Federal Home Loan Bank System
Fannie Mae
surface form: Federal National Mortgage Association
aimsTo encourage mortgage lending
increase liquidity in mortgage markets
stabilize the housing market
appliesTo United States housing policy
surface form: United States housing market
country United States of America
surface form: United States
creates Federal Home Loan Mortgage Corporation
Freddie Mac
enables issuance of mortgage-backed securities by Freddie Mac
enactedBy 91st United States Congress
hasComponent provisions on federal home loan banks
provisions on mortgage-backed securities
provisions on secondary market operations
impact expanded role of government-sponsored enterprises in housing finance
growth of secondary mortgage market
increased standardization of mortgage instruments
implementedBy United States Department of Housing and Urban Development
surface form: Department of Housing and Urban Development

Federal Home Loan Bank Board
jurisdiction United States government
surface form: United States federal government
language English
legalForm public law
policyArea economic policy
financial regulation
housing policy
purpose to expand the secondary mortgage market
to restructure the U.S. housing finance system
to support homeownership
regulates Federal Home Loan Bank System
surface form: federal home loan banks

savings and loan associations
relatedTo Federal Home Loan Bank Act
Housing and Urban Development Act of 1968
National Housing Act of 1934
surface form: National Housing Act
sector banking
housing
real estate
signedBy Richard Nixon
startYear 1970
subject housing finance
mortgage finance
secondary mortgage market
timePeriod 20th century

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Freddie Mac createdByAct Emergency Home Finance Act of 1970