PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4141 "(2) The operational goals referred to in paragraph (1) shall be— "(A) maintaining an adequate capital ratio; "(B) meeting the needs of homebuyers with low downpayments and first-time homebuyers by providing access to mortgage credit; "(C) minimizing the risk to the Fund and to homeowners from homeowner default; and "(D) avoiding adverse selection.". SEC. 333. INSURANCE OF MORTGAGES ON PROPERTY IN VIRGIN ISLANDS. Section 214 of the National Housing Act (12 U.S.C. 1715d) is amended— (1) in the first sentence, by striking "Alaska, Guam, or Hawaii," and inserting "Alaska, Guam, Hawaii, or the Virgin Islands,"; (2) by striking "Alaska or in Guam or Hawaii" each place it appears and inserting "Alaska, Guam, Hawaii, or the Virgin Islands"; (3) by inserting ", the Virgin Islands," after "Government of Guam' each place it appears; and (4) by striking the section heading and inserting the following: "INSURANCE OF MORTGAGES ON PROPERTY IN ALASKA, GUAM, HAWAII, AND THE VIRGIN ISLANDS". SEC. 334. HOME EQUITY CONVERSION MORTGAGE INSURANCE DEM- ONSTRATION. (a) LIMITATION ON INSURANCE AUTHORITY AND MAXIMUM AMOUNT INSURED. — (1) NUMBER OF MORTGAGES INSURED.— Section 255(g) of the National Housing Act (12 U.S.C. 1715z-20(g)) is amended by striking the second sentence and inserting the following: "The total number of mortgages insured under this section may not exceed 25,000.". (2) TERMINATION DATE.—The first sentence of section 255(g) of the National Housing Act (12 U.S.C. 1715z-20(g)) is amended by striking "September 30, 1991" and inserting "September 30, 1995". (b) TYPES OF LOANS.—Section 255(d) of the National Housing Act (12 U.S.C. 1715z-20(d)) is amended— (1) in paragraph (7), by striking "and" at the end; (2) in paragraph (8), by striking the period at the end and inserting a semicolon; and (3) by adding at the end the following new paragraphs: "(9) provide for future payments to the mortgagor based on accumulated equity (minus any applicable fees and charges), according to the method that the mortgagor shall select from among the methods under this paragraph, by payment of the amount— "(A) based upon a line of credit; "(B) on a monthly basis over a term specified by the mortgagor; "(C) on a monthly basis over a term specified by the mortgagor and based upon a line of credit; "(D) on a monthly basis over the tenure of the mortgagor; "(E) on a monthly basis over the tenure of the mortgagor and based upon a line of credit; or
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