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 2
... repairs , and improvements . The power to insure granted herein shall be limited so that in no case shall the Corporation insure any financial institution against losses amounting to more than 20 per centum of the total amount of loans ...
... repairs , and improvements . The power to insure granted herein shall be limited so that in no case shall the Corporation insure any financial institution against losses amounting to more than 20 per centum of the total amount of loans ...
Page 11
... repairs , improvements , and alterations . Such advances shall not be sub- ject to the provisions and restrictions of section 10 of this Act , but shall be made upon the security of , and only upon the NATIONAL HOUSING ACT 11.
... repairs , improvements , and alterations . Such advances shall not be sub- ject to the provisions and restrictions of section 10 of this Act , but shall be made upon the security of , and only upon the NATIONAL HOUSING ACT 11.
Page 13
... repairs , and improvements ; to sell , discount , assign , or otherwise dispose of any loans made by them under the provisions of this section , under such restrictions and limitations as to endorsement and liability as may be approved ...
... repairs , and improvements ; to sell , discount , assign , or otherwise dispose of any loans made by them under the provisions of this section , under such restrictions and limitations as to endorsement and liability as may be approved ...
Page 14
... REPAIRS A very substantial impetus to recovery and a sizeable relieving of the unem- ployment situation can be accomplished over the summer months by a Nation- wide program of home modernization and repair . Such a program also leaves ...
... REPAIRS A very substantial impetus to recovery and a sizeable relieving of the unem- ployment situation can be accomplished over the summer months by a Nation- wide program of home modernization and repair . Such a program also leaves ...
Page 15
... repair campaign by facilitating direct advances of credit to home owners mak- ing repairs from private institutions now having surplus funds , the problem becomes one of the Government aid necessary to do this cheaply and economi- cally ...
... repair campaign by facilitating direct advances of credit to home owners mak- ing repairs from private institutions now having surplus funds , the problem becomes one of the Government aid necessary to do this cheaply and economi- cally ...
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...