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 33
Page 10
... possible to the smaller home owners of the country . Senator COUZENS . When you say $ 10,000 that means today's values ? Mr. RUSSELL . Yes , sir ; based on present - day value . Senator COUZENS . So that in all probability it might take ...
... possible to the smaller home owners of the country . Senator COUZENS . When you say $ 10,000 that means today's values ? Mr. RUSSELL . Yes , sir ; based on present - day value . Senator COUZENS . So that in all probability it might take ...
Page 11
... possible to undertake in the same system to make a differentiation , but if an organized system of home financing ... possible if you issue these bonds , and assuming that you could issue bonds and get them sold at 32 percent on home ...
... possible to undertake in the same system to make a differentiation , but if an organized system of home financing ... possible if you issue these bonds , and assuming that you could issue bonds and get them sold at 32 percent on home ...
Page 24
... possible cost of reproduction when reproduction is possible . Senator COUZENS . Then if you are going to get the same loaning value there would not be any use of going back to 1926. You are just going to change the percentage so you ...
... possible cost of reproduction when reproduction is possible . Senator COUZENS . Then if you are going to get the same loaning value there would not be any use of going back to 1926. You are just going to change the percentage so you ...
Page 26
... possible cost of financing in any volume which would permit reproduction to be a solid guide . You cannot add what financing costs would be , because you cannot get it now at any price . Therefore , it is impossible to use that as a ...
... possible cost of financing in any volume which would permit reproduction to be a solid guide . You cannot add what financing costs would be , because you cannot get it now at any price . Therefore , it is impossible to use that as a ...
Page 35
... possible to incur from aid that practical legislation could give . These amendments have the support of the Consolidated Home Owners Mortgage Committee , and groups allied in the home field are rallying to urge that they be put into ...
... possible to incur from aid that practical legislation could give . These amendments have the support of the Consolidated Home Owners Mortgage Committee , and groups allied in the home field are rallying to urge that they be put into ...
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...