A bill to direct the Secretary of Housing and Urban Development to waive certain requirements with respect to insuring, under the National Housing Act, mortgages secured by real property located in communities in which adverse economic conditions exist as a result of outstanding claims to ownership of land in the community by an American Indian tribe, band, or Nation.

Directs the Secretary of Housing and Urban Development to insure any mortgage which would otherwise be uninsurable under the National Housing Act because of Indian claims of ownership to the property securing the mortgage if such property is located in a community where adverse economic conditions exist as a direct and primary result of such Indian claims of ownership.