Mortgage Market Assistance Act

[AI summary unavailable — showing source text] Mortgage Market Assistance Act - Title I: Downpayment Requirements and Maximum Mortgage Amounts Under Federal Housing Administration Programs - Provides for an increase in the downpayment requirements for Federal Housing Administration one-to-four-family mortgages. Increases the maximum mortgage amounts under such programs. Establishes increases in the maximum mortgage amounts under Federal Housing Administration multifamily mortgage insurance programs. Title II: Lending and Investment Powers, Federal Savings and Loan Associations - Authorizes Federal Savings and Loan Associations to invest an amount, not exceeding the greater of: (1) the sum of its surplus, undivided profits, and reserves; or (2) 5 percent of its assets, in loans or in interests therein the principal purpose of which is to provide financing with respect to what is or is expected to become primarily residential real estate within one hundred miles of their home office or within the State in which such office is located. Title III: Mortgage Corporations - Provides that no conventional mortgage shall be purchased by the Federal Home Loan Mortgage Corporation if the outstanding principal balance of the mortgage at the…