
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4544]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
                     Part B--Authority of Secretary
 
                      subpart 1--general authority
 
Sec. 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, Sec. 1324, Oct. 28, 1992, 106 Stat. 3954.)
