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 2
... situation of the mortgagor requires it . Interest on the unpaid balance of the obligation of the mortgagor to the Corporation shall be at the rate of 5 per centum per annum . The Corporation may at any 2 HOME OWNERS ' LOAN ACT.
... situation of the mortgagor requires it . Interest on the unpaid balance of the obligation of the mortgagor to the Corporation shall be at the rate of 5 per centum per annum . The Corporation may at any 2 HOME OWNERS ' LOAN ACT.
Page 14
... situation be after a home owner in the kind of distress that you referred to got all his troubles behind him and then got out , sold his home or something of that sort ? Would the mortgage apply to the purchaser and the purchaser have ...
... situation be after a home owner in the kind of distress that you referred to got all his troubles behind him and then got out , sold his home or something of that sort ? Would the mortgage apply to the purchaser and the purchaser have ...
Page 21
... situation in regard to the mortgages on small homes and that he would be very glad to be of service to the committee . That is why Mr. Gibson and I are here . It is not our purpose to criticize the general plan of the bill , to pose as ...
... situation in regard to the mortgages on small homes and that he would be very glad to be of service to the committee . That is why Mr. Gibson and I are here . It is not our purpose to criticize the general plan of the bill , to pose as ...
Page 22
... situation of the guaranteed mortgage companies to see the necessity of having some sort of fund to offset the certain loss in a proportion of the cases . Solvent mortgagors should not be encouraged to default in order to seek a ...
... situation of the guaranteed mortgage companies to see the necessity of having some sort of fund to offset the certain loss in a proportion of the cases . Solvent mortgagors should not be encouraged to default in order to seek a ...
Page 23
... situation . Senator BULKLEY . Had you concluded ? Mr. LORD . I have concluded , Senator . Senator BULKLEY . Are there any further questions ? pause . ] Thank you very much , Mr. Lord . [ After a We will hear Mr. D. E. McAvoy , who is ...
... situation . Senator BULKLEY . Had you concluded ? Mr. LORD . I have concluded , Senator . Senator BULKLEY . Are there any further questions ? pause . ] Thank you very much , Mr. Lord . [ After a We will hear Mr. D. E. McAvoy , who is ...
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.