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 |
From inside the book
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Page 12
... existing building and loan asso- ciations could lend him money for a new home . Senator BULKLEY . And get it financed through this system ? Mr. RUSSELL . And they could obtain funds through their Federal home - loan bank . Senator ...
... existing building and loan asso- ciations could lend him money for a new home . Senator BULKLEY . And get it financed through this system ? Mr. RUSSELL . And they could obtain funds through their Federal home - loan bank . Senator ...
Page 13
... existing de- pressed market , and we believe that the market would not go down any further , but we recognize that if it does go down any further and if a moratorium has to be extended to anybody there would likely be a loss on that ...
... existing de- pressed market , and we believe that the market would not go down any further , but we recognize that if it does go down any further and if a moratorium has to be extended to anybody there would likely be a loss on that ...
Page 23
... existing bill , in which we have suggested amendments to take care of what we feel are points from practical observation in our work dealing with home owners in distress . Senator BULKLEY . This document that you have handed me seems ...
... existing bill , in which we have suggested amendments to take care of what we feel are points from practical observation in our work dealing with home owners in distress . Senator BULKLEY . This document that you have handed me seems ...
Page 24
... existing bill , where it would not operate , is in the matter of appraisal . We advocated last week , when the outline was disclosed , prior to the introduction of the bill , that we felt that it would fail to function properly because ...
... existing bill , where it would not operate , is in the matter of appraisal . We advocated last week , when the outline was disclosed , prior to the introduction of the bill , that we felt that it would fail to function properly because ...
Page 25
... existing facts . Senator TOWNSEND . The cost of reproduction now ? Mr. McAvoy . That is but one factor . Now , I want to bring out that where the cost of reproduction as used by a great many ap- praisers is erroneous in that they fail ...
... existing facts . Senator TOWNSEND . The cost of reproduction now ? Mr. McAvoy . That is but one factor . Now , I want to bring out that where the cost of reproduction as used by a great many ap- praisers is erroneous in that they fail ...
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.