Home Owners' Loan Act: Hearing Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-third Congress, First Session, on S. 1317, a Bill to Provide Emergency Relief with Respect to Home Mortgage Indebtedness, to Refinance Home Morgages, to Extend Relief to the Owners of Homes Ocupied by Them and who are Unable to Amortize Their Debt Elsewhere, to Amend the Federal Home Loan Bank Act, to Increase the Market for Obligations of the United States and for Other Purposes. April 20 and 22, 1933 |
From inside the book
Results 1-5 of 42
Page 8
... fact , essential for the pro- tection of home ownership and for the promotion of good citizen- ship in this country , that some provision be made for home financing in these counties . Therefore section 5 of this act provides for Fed ...
... fact , essential for the pro- tection of home ownership and for the promotion of good citizen- ship in this country , that some provision be made for home financing in these counties . Therefore section 5 of this act provides for Fed ...
Page 13
... fact that in our judgment that is as high as you can soundly go , especially with a moratorium provided for in the bill . You see , the moratorium provided for in the bill , if a man got one of these mort- gages and then secured his 3 ...
... fact that in our judgment that is as high as you can soundly go , especially with a moratorium provided for in the bill . You see , the moratorium provided for in the bill , if a man got one of these mort- gages and then secured his 3 ...
Page 17
... fact that to take that exception out here and leave these bonds entirely tax exempt would make this plan much more workable . As the Senator suggests , the workability of this plan is dependent a good deal upon these bonds having a ...
... fact that to take that exception out here and leave these bonds entirely tax exempt would make this plan much more workable . As the Senator suggests , the workability of this plan is dependent a good deal upon these bonds having a ...
Page 18
... fact , a small percentage of the home mortgages are less than $ 2,000 ? Mr. RUSSELL . Not a small percent , Senator . The building and loan association mortgage is pretty small . Senator COUZENS . What is the average ? Mr. RUSSELL . And ...
... fact , a small percentage of the home mortgages are less than $ 2,000 ? Mr. RUSSELL . Not a small percent , Senator . The building and loan association mortgage is pretty small . Senator COUZENS . What is the average ? Mr. RUSSELL . And ...
Page 24
... fact that the 80 percent was to apply on " present value . " At that time I outlined to Senator Wagner that , from my experience , the reappraisal evil was destroying the home world and the realty world in general , because of the fact ...
... fact that the 80 percent was to apply on " present value . " At that time I outlined to Senator Wagner that , from my experience , the reappraisal evil was destroying the home world and the realty world in general , because of the fact ...
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 117 - ... 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 ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 90 - Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Housing Amendments of 1957".
Page 117 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
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 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 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.
Page 16 - 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 112 - Provided, That the districts shall be apportioned with due regard to the convenience and customary course of business and shall not necessarily be coterminous with any State or States.
Page 5 - Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...