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
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... term Corporation means the Home Owners ' Loan Corporation created under section 4 of this Act . 66 99 ( c ) The term home mortgage means a first mortgage on real estate in fee simple , or on a leasehold under a renewable lease for not ...
... term Corporation means the Home Owners ' Loan Corporation created under section 4 of this Act . 66 99 ( c ) The term home mortgage means a first mortgage on real estate in fee simple , or on a leasehold under a renewable lease for not ...
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... term loans on real estate . Senator COUZENS . Have you any information as to the number of counties in which there never was a home financing institution ? Mr. RUSSELL . I have not definite information , Senator . I can only illustrate ...
... term loans on real estate . Senator COUZENS . Have you any information as to the number of counties in which there never was a home financing institution ? Mr. RUSSELL . I have not definite information , Senator . I can only illustrate ...
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... term financing of local homes by local people . Senator COUZENS . May I ask you on what you base your statement that large sums can be raised for this purpose ? Mr. RUSSELL . That statement , Senator , is based upon the experi- ence of ...
... term financing of local homes by local people . Senator COUZENS . May I ask you on what you base your statement that large sums can be raised for this purpose ? Mr. RUSSELL . That statement , Senator , is based upon the experi- ence of ...
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... term " normal value . " And , furthermore , that 80 percent would take up the sound mortgages . That is , if a man had a $ 10,000 place and he borrowed $ 6,000 on it , which was a reasonable mortgage in 1929 , and that place is now ...
... term " normal value . " And , furthermore , that 80 percent would take up the sound mortgages . That is , if a man had a $ 10,000 place and he borrowed $ 6,000 on it , which was a reasonable mortgage in 1929 , and that place is now ...
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... terms of that mort- gage and could take advantage of course of the mortgage if he became a bona fide home owner . Senator COUZENS . But he could not sell it for speculation ? Could he rent it and get out ? Mr. RUSSELL . If he got out ...
... terms of that mort- gage and could take advantage of course of the mortgage if he became a bona fide home owner . Senator COUZENS . But he could not sell it for speculation ? Could he rent it and get out ? Mr. RUSSELL . If he got out ...
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...