National Housing Act, Hearings Before ..., 73-2 on S. 3603 ..., May 16-24, 19341934 - 447 pages |
From inside the book
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Page 14
... problem . A most interesting and comprehensive survey of our debt problem in the United States was financed by the Twentieth Century Fund and published by the MacMillan Co. under the title " The Internal Debts of the United States . " A ...
... problem . A most interesting and comprehensive survey of our debt problem in the United States was financed by the Twentieth Century Fund and published by the MacMillan Co. under the title " The Internal Debts of the United States . " A ...
Page 15
... problem that can presently be handled without the need of new legislation . The second calls for congressional action . In approaching this second problem of financing a home modernization and repair program on desirable terms , it ...
... problem that can presently be handled without the need of new legislation . The second calls for congressional action . In approaching this second problem of financing a home modernization and repair program on desirable terms , it ...
Page 16
... problem is a serious one . Mortgage debts comprise one of the largest single classifications in our national - debt structure . The follow- ing table gives some idea of its importance ( figures are approximate only and in round numbers ) ...
... problem is a serious one . Mortgage debts comprise one of the largest single classifications in our national - debt structure . The follow- ing table gives some idea of its importance ( figures are approximate only and in round numbers ) ...
Page 19
... problem of financing public or semipublic projects for the stimulation of low - cost housing and slum clearance . It is contemplated that the Corporation will establish separate insurance funds in which mortgages on property of this ...
... problem of financing public or semipublic projects for the stimulation of low - cost housing and slum clearance . It is contemplated that the Corporation will establish separate insurance funds in which mortgages on property of this ...
Page 20
... problem can overlook the impor- tance of the building and loan associations and other similar thrift institu- tions in this field . If the mortgage market is to function again in normal fashion , these institutions must be able to ...
... problem can overlook the impor- tance of the building and loan associations and other similar thrift institu- tions in this field . If the mortgage market is to function again in normal fashion , these institutions must be able to ...
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...