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Article: Annunzio will push thrifts to provide more home loans
- Article from:
- Chicago Sun-Times
- Article date:
- April 10, 1989
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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WASHINGTON Despite warnings by savings and loan industry
observers, Rep. Frank Annunzio (D-Ill.) said he will push hard to
raise the proportion of loans that S&Ls be required to commit for
residential housing.
Annunzio, chairman of the House Banking subcommittee that is
writing a bill to rescue and reform the nation's S&L industry, said
he will push for an 80 percent ratio of loans for one- to four-family
housing, up from the current 60 percent.
Several S&L observers, such as Robert Litan of the Brookings
Institution and consultant Bert Ely, have said that raising the
ratio, called the Qualified Thrift Lending test, or QTL, will
increase risks to thrifts in times of sharply rising ...