Home Owners' Loan Act: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-third Congress, First Session, on S. 1317 |
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Page 3
... employ , and fix the com- pensation of such officers , employees , attorneys , or agents as shall be necessary for the performance of its duties under this act , without regard to the pro- visions of other laws applicable to the ...
... employ , and fix the com- pensation of such officers , employees , attorneys , or agents as shall be necessary for the performance of its duties under this act , without regard to the pro- visions of other laws applicable to the ...
Page 38
... employed throughout this depression period , the home owner will face another crushing blow and again suffer from the reappraisal evil that has used fear as the base measure in the absence of a " market " which has played a large part ...
... employed throughout this depression period , the home owner will face another crushing blow and again suffer from the reappraisal evil that has used fear as the base measure in the absence of a " market " which has played a large part ...
Page 67
... employed for the purpose designed by you gentlemen when you passed this act ; that is to say , for the encouragement of home ownership , or of home building or for the relief of distressed home owners . Generally , the money has been ...
... employed for the purpose designed by you gentlemen when you passed this act ; that is to say , for the encouragement of home ownership , or of home building or for the relief of distressed home owners . Generally , the money has been ...
Page 70
... employed traveling solicitors to solicit people to come into the system , because there was no spon- taneous demand for it - have been in the State of New York for months undertaking to get people to join as nonmember borrowers , which ...
... employed traveling solicitors to solicit people to come into the system , because there was no spon- taneous demand for it - have been in the State of New York for months undertaking to get people to join as nonmember borrowers , which ...
Page 76
... employed . About one half were employed in producing com- modities the market for which has been greatly reduced . We have just heard the figures from Mr. Russell , the counsel of the Home Loan Bank Board , to the effect that out of the ...
... employed . About one half were employed in producing com- modities the market for which has been greatly reduced . We have just heard the figures from Mr. Russell , the counsel of the Home Loan Bank Board , to the effect that out of the ...
Common terms and phrases
33 Liberty Street 80 percent Act as amended amortization amount apply appraisal authorized BARKLEY bill bonds building and loan capital cash census centum chairman cities committee counties currency debentures deposits discount distress district eligible equity exceed Federal Home Federal home-loan bank Federal mortgage bank Federal Reserve feel foreclosure funds gages Government HENNESSY home financing Home Mortgage Advisory home owners institutions interest rate invested issued legislation Loan Act loan associations Loan Bank Act loan corporation Lorain County McAvoy million moratorium mort Mortgage Advisory Board mortgage bank system mortgage loans mortgagor municipalities nonsubscriber borrower obligations organization payments percentage President principal proposed rate of interest real estate Reconstruction Finance Corporation relief require RUSSELL SCHMIDT Senator BULKLEY Senator COUZENS Senator MCADOO Senator TOWNSEND small home taxes thereof tion Treasury United United States Senate
Popular passages
Page 4 - ... makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or...
Page 109 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
Page 2 - The 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 2 - 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...
Page 3 - In order to provide local mutual thrift institutions in which people may invest their funds and in order to provide for the financing of homes, the Board is authorized, under such rules and regulations as it may prescribe, to provide for the organization, incorporation, examination, operation, and regulation of associations to be known as 'Federal Savings and Loan Associations...
Page 5 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 111 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 5 - The provisions of sections 112, 113, 114, 115, 116, and 117 of the Criminal Code of the United States (USC, title 18, ch.
Page 120 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 112 - Board shall annually make a full report of its operations to the Speaker of the House of Representatives, who shall cause the same to be printed for the information of the Congress.