BANKING, HOUSING, AND URBAN AFFAIRS THE ONE HUNDRED FIRST CONGRESS ADMINISTRATION'S SECOND SESSION ON PROPOSAL FOR REGAINING ACTUARIAL JULY 24, 1990 Printed for the use of the Committee on Banking, Housing, and Urban Affairs 35-636 U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1990 For sale by the Superintendent of Documents, U.S. Government Printing Office COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS DONALD W. RIEGLE, JR., Michigan, Chairman ALAN CRANSTON, California PAUL S. SARBANES, Maryland CHRISTOPHER J. DODD, Connecticut ALAN J. DIXON, Illinois JIM SASSER, Tennessee TERRY SANFORD, North Carolina RICHARD H. BRYAN, Nevada JAKE GARN, Utah JOHN HEINZ, Pennsylvania ALFONSE M. D'AMATO, New York CHRISTOPHER S. BOND, Missouri CONNIE MACK, Florida WILLIAM V. ROTH, JR., Delaware NANCY LANDON KASSEBAUM, Kansas LARRY PRESSLER, South Dakota STEVEN B. HARRIS, Staff Director and Chief Counsel 06 Mr 91 John C. Weicher, Assistant Secretary for Policy, Development and Research, Department of Housing and Urban Development, Washington, DC. Thomas Craren, partner, Office of Government Services, Price Waterhouse, Kenneth D. Seaton, chairman and CEO, D&N Savings Bank, Hancock, MI Gail Cincotta, executive director, National Peoples Action, Chicago, IL.. Frank Clay, 1st vice president of the National Association of Real Estate Dwight Robinson, deputy director, Michigan State Housing Development Au- Patrick Hendershott, professor of finance and public policy, Ohio State Uni- John O'Brien, president and CEO, Central Pennsylvania Savings Association, Philip É. Forest, vice chairman, Single Family Governmental Finance Com- mittee, National Association of Home Builders, Washington, DC Norman D. Flynn, president, National Association of Realtors, Washington, |