National Housing Act, Hearings Before ..., 73-2 on S. 3603 ..., May 16-24, 19341934 - 447 pages |
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... .. Stewart , Maco , attorney at law , Galveston , Tex . , connected with the building and loan associations and title insurance companies . 344 89 , 101 341 181 21 119 NATIONAL HOUSING ACT WEDNESDAY , MAY 16 , 1934 UNITED IV CONTENTS.
... .. Stewart , Maco , attorney at law , Galveston , Tex . , connected with the building and loan associations and title insurance companies . 344 89 , 101 341 181 21 119 NATIONAL HOUSING ACT WEDNESDAY , MAY 16 , 1934 UNITED IV CONTENTS.
Page 2
... companies , mortgage companies , building and loan associa- tions , installment lending companies , and other financial institutions as may apply for credit insurance and be approved as eligible by the board of directors , against ...
... companies , mortgage companies , building and loan associa- tions , installment lending companies , and other financial institutions as may apply for credit insurance and be approved as eligible by the board of directors , against ...
Page 12
... companies , ( 3 ) advances with maturity not greater than one year made to members or nonmember borrowers , upon such terms and conditions as the board may prescribe , and ( 4 ) advances with maturity not greater than one year made to ...
... companies , ( 3 ) advances with maturity not greater than one year made to members or nonmember borrowers , upon such terms and conditions as the board may prescribe , and ( 4 ) advances with maturity not greater than one year made to ...
Page 20
... companies and other large institutional mortgage lenders , these mortgage associations should , and probably will ... companies . Banks .. Insurance companies .. $ 6,500 , 000 , 000 4 , 000 , 000 , 000 3,500 , 000 , 000 3 , 000 , 000 ...
... companies and other large institutional mortgage lenders , these mortgage associations should , and probably will ... companies . Banks .. Insurance companies .. $ 6,500 , 000 , 000 4 , 000 , 000 , 000 3,500 , 000 , 000 3 , 000 , 000 ...
Page 22
... companies , building and loan associations . We have all these figures ready , and if it is agreeable to you gentlemen as we go along we will present them in their order . I might say that we have four different features of this subject ...
... companies , building and loan associations . We have all these figures ready , and if it is agreeable to you gentlemen as we go along we will present them in their order . I might say that we have four different features of this subject ...
Common terms and phrases
80 percent amendment amortized amount appraisal asso bill billion dollars Board BODFISH bonds borrower building and loan building trades BULKLEY capital CHAIRMAN committee construction cost DEANE debentures debt ECCLES employment FAHEY Federal Home Loan Federal home-loan bank financing foreclosed foreclosure FRIEDLANDER funds gage going Government guaranteed HARRIMAN Home Credit Insurance home mortgages Home Owners houses income increase industry institutions Insurance Corporation interest investment Johns-Manville lending loan associations Loan Bank Loan Corporation losses McAvoy ment million months mort mortgage insurance mortgage loans Motors Acceptance Corporation mutual savings banks national mortgage associations obligation payment premium president proposed question real estate real-estate repairs RIEFLER RUSSELL savings banks Secretary PERKINS Senator ADAMS Senator BARKLEY Senator COUZENS Senator GOLDSBOROUGH Senator GORE Senator KEAN Senator TOWNSEND Senator WAGNER statement STEFFAN thing tion United
Popular passages
Page 11 - ... shall not be considered as loans secured by real estate within the meaning of this section but shall be classed as ordinary commercial loans...
Page 1 - Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 119 - Upon any such payment a receipt therefor shall be issued by the corporation to the United States and delivered to the Secretary of the Treasury, and shall be evidence of the stock ownership of the United States. There is hereby authorized to be appropriated the sum of $10,000,000, in addition to the $5,000,000 heretofore authorized, for the purpose of paying such subscription.
Page 4 - Nothing herein shall be construed to exempt the real property of associations from either state, county or municipal taxes, to the same extent, according to its value, as other real property is taxed.
Page 123 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way the action...
Page 4 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 9 - Corporation, including its franchise, its capital, reserves, and surplus, and .its income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 5 - Reserve bank or of any board, commission, independent establishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, and facilities thereof in carrying out the provisions of this section.
Page 119 - Commissioner but not to exceed thirty years from the date of insurance of the mortgage; "(4) contain complete amortization provisions satisfactory to the Commissioner requiring periodic payments by the mortgagor not in excess of his reasonable ability to pay as determined by the Commissioner...