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B-168802 1 (1970-04-09)

handle is hein.gao/gaobabkex0001 and id is 1 raw text is: 

SELEA$ED


*k V kEUT~RACTICE OF VARIOUS FINANCIN OAfIZATIONS
DRkA$'DING ItZTREflELY HEAVY KICKERS ON MORTGAGE AGREEMENTS]
FEDERAL HOME LAN BANK BOARD


,.,03Y


                                RESTRIPOWE

     RepoTt to Senator Howard H. Baker, Jr., pursuant to his request.

     The report contained certain information concerning the practice of

iious 'financial institutions of including kickers and piece-of-the-

action in mortgage agreements. The kickers and piece-of-the-action

entitle the Iesiders to share in the revenues from the mortgaged properties

i 'addition to receiving interest on the loans.


   2tSL?

B-168802
4-9-70

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