Report, Volume 17U.S. Government Printing Office, 1963 |
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Common terms and phrases
accounted acquired activities additional Administration agencies allowances amount annual applications approved areas assistance Association authorized average building cities claim commitments completed construction contracts contributions cooperative cost covered debentures default distribution dwelling units effective elderly established estimated Executive existing expenses facilities families Federal financing fiscal FNMA Government grants groups home mortgages Housing Act Housing Insurance Fund improvement income increased interest investment involved issued June 30 land less liabilities loans losses median ment Michigan million mort mortgage insurance mortgage notes mortgagors multifamily needs Number Office operations outstanding participation payments percent Percentage period planning proceeds projects properties public housing purchase ratio receivable rental reported represented reserve result Section 203 securities sold STATEMENT structures Table terminations tion Title Total units urban renewal volume
Popular passages
Page 163 - ... the realization as soon as feasible of the goal of a decent home and a suitable living environment for every American family...
Page 108 - Commissioner finds that the property with respect to which the mortgage is executed is an acceptable risk, giving consideration to the need for providing adequate housing for families of low and moderate income particularly in suburban and outlying areas...
Page 145 - Moneys in the Fund not needed for the current operations of the Federal Housing Administration shall be deposited with the Treasurer of the United States to the credit of the Fund, or invested in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States.
Page 163 - To provide financial assistance to the States and political subdivisions thereof for the elimination of unsafe and unsanitary housing conditions, for the eradication of slums, for the provision of decent, safe, and sanitary dwellings for families of low income, and for the reduction of unemployment and the stimulation of business activity, to create a United States Housing Authority, and for other purposes.
Page 133 - Administrator in handling, dealing with, and disposing of such property and in collecting such claims, exceeds the face value of the debentures issued and the cash paid in exchange for such property plus all interest paid on such debentures, such excess shall be divided as follows...
Page 48 - Corporation and institutions whose deposits are insured by the Federal Deposit Insurance Corporation may be approved as mortgagees upon application.
Page 4 - Authority shall not discriminate because of race, color, creed, or national origin in the sale, leasing, rental, or other disposition...
Page 103 - Fund by payment of any mortgage insured thereunder, the Commissioner is authorized to distribute to the mortgagor a share of the Participating Reserve Account in such manner and amount as the Commissioner shall determine to be equitable and in accordance with sound actuarial and accounting practice...
Page 201 - FNMA provides special assistance for financing selected types of home mortgages that qualify under special programs; the charter also includes provisions for special assistance through the purchase of home mortgages generally as a means of retarding or stopping a decline in mortgage lending and homebuilding activities which threatens materially the stability of a high level national economy.
Page 23 - President recommendations for basic policies in the field of housing and community development, and he works with the Executive Office of the President and other Federal agencies in keeping economic and fiscal policies in housing consistent with other economic and fiscal policies of the Government.