One-Stop Mortgage Center Initiative in Indian Country. A Report to the President

摘要

This Report presents the recommendations of the task force partners of the One-Stop Mortgage Center Initiative. It responds to President Clinton's Executive Memorandum of August 6, 1998, directing the Secretaries of the U. S. Departments of Housing and Urban Development (HUD) and the Treasury to develop recommendations to help streamline mortgage lending in Indian Country. To comply with the President's directive, Secretary Cuomo and then-Secretary Rubin, in consultation with Interior Secretary Babbitt, created an interagency task force with several working groups. The task force examined the need for home purchase capital and lending services in Indian country. This Report presents the work groups' recommendations on how to overcome the barriers that limit homeownership opportunities in Indian Country, and how to make the mortgage-lending process more user friendly and thus more attractive to private lenders. To accomplish these objectives, the task force assessed current market conditions, consulted with Indian tribes and other Native American organizations, met with public-and private-sector partners, and together reached the conclusions that constitute the proposed solutions.