A bill to amend the Federal Home Loan Mortgage Corporation Act to establish a new secondary market program under which the Federal Home Loan Mortgage Corporation may provide needed liquidity for the savings and loan industry by purchasing older seasoned home mortgages from savings and loan associations and other financial institutions.

[AI summary unavailable — showing source text] Establishes, under the Federal Home Loan Mortgage Corporation Act, a new secondary market program under which the Federal Home Loan Mortgage Corporation may provide needed liquidity for the savings and loan industry by purchasing older seasoned home mortgages from savings and loan associations and other financial institutions. States that the maximum aggregate amount of mortgages that may be purchased by the Corporation from any one savings and loan association or other financial institution shall not exceed $20,000,000.…