Housing Act of 1958: Hearings Before the Subcommittee on Housing of ... , 85-2, July 7 ... 18, 19581958 - 758 pages |
From inside the book
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Page 6
... lenders will choose sites for section 221 housing . No other FHA program requires such a request nor does the absence of such a request in any way affect the usual controls of any com- munity over the type of housing built within its ...
... lenders will choose sites for section 221 housing . No other FHA program requires such a request nor does the absence of such a request in any way affect the usual controls of any com- munity over the type of housing built within its ...
Page 10
... lenders who have been discouraged by the complexities of FHA procedures because they do not do a large volume of business . So far the results of the certified agency program have been most encouraging . The industry has wholeheartedly ...
... lenders who have been discouraged by the complexities of FHA procedures because they do not do a large volume of business . So far the results of the certified agency program have been most encouraging . The industry has wholeheartedly ...
Page 12
... lenders would consti- tute a serious discrimination against them . Not only would there be discrimination as among types of mortgage lenders , but the benefits which the home - buying public might receive under a better devised program ...
... lenders would consti- tute a serious discrimination against them . Not only would there be discrimination as among types of mortgage lenders , but the benefits which the home - buying public might receive under a better devised program ...
Page 14
... lenders . Acting as a supervisory agency , it would then be expected to turn around and see that these operations ... lending institutions . Inevitably there will arise gross conflicts of interest . In this very connection , I feel that ...
... lenders . Acting as a supervisory agency , it would then be expected to turn around and see that these operations ... lending institutions . Inevitably there will arise gross conflicts of interest . In this very connection , I feel that ...
Page 15
... lenders ' interests would be well pro- tected by insuring the top 18 or 20 or 25 percent of the mortgage loan . Such insurance coverage would shift virtually the entire risk from the lender to the Government agency . That is , even a ...
... lenders ' interests would be well pro- tected by insuring the top 18 or 20 or 25 percent of the mortgage loan . Such insurance coverage would shift virtually the entire risk from the lender to the Government agency . That is , even a ...
Common terms and phrases
additional ADDONIZIO agency Albert Rains amendment amortization amount appraisal areas ASHLEY BARRETT believe BETTS BUBB builders building capital grant CELEBREZZE Chairman coinsurance COLE college housing committee Congress construction conventional loan cooperative housing Corporation cost elderly facilities families favor Federal Government Federal Home Loan Federal Housing Administration FHA loans financing FNMA foreclosure funds going guaranty HALLAHAN Home Loan Bank home mortgage Housing Act housing authorities housing program income increase institutions interest rate legislation lenders lending limit loan associations Loan Bank Board low-rent housing maximum Mayor MCDONOUGH ment million mortgage insurance mortgage loans National nursing homes operation payments premium present problem proposed public housing purchase question RAINS recommend redevelopment savings and loan Seattle Housing Authority section 203 Senate bill SHISHKIN slum statement subcommittee SULLIVAN Thank tion units urban renewal program Wherry WIDNALL
Popular passages
Page 669 - ... (3) if executed by a mortgagor which is a private nonprofit corporation, association, or organization acceptable to the Commissioner, involve a principal obligation not in excess of 90 per centum of the amount which the Commissioner estimates will be the replacement cost of the property or project when the proposed improvements are completed...
Page 725 - Five members who are members of the Committee on Banking and Currency of the House of Representatives, three from the majority and two from the minority party, to be appointed by the chairman of the committee.
Page 332 - Commissioner may, by regulation, increase any of the foregoing dollar amount limitations contained in this paragraph by not to exceed $1,250 per room without regard to the number of rooms being less than four, or four or more, in any geographical area where he finds that cost levels so require...
Page 283 - State, by the municipality or other political subdivision in which the facility is located), for the accommodation of convalescents or other persons who are not acutely ill and not in need of hospital care but who require skilled nursing care and related medical services...
Page 182 - ... may determine. Moneys of the Corporation not required for current operations shall be deposited in the Treasury of the United States, or upon the approval of the Secretary of the Treasury, in any Federal Reserve bank, or shall be invested in obligations of, or guaranteed...
Page 182 - 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, 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 44 - Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yields...
Page 332 - Section 207 (c) of the National Housing Act, as amended, is hereby amended (1) by striking out of clause "(i)
Page 210 - The objects of the association are to promote thrift by providing a convenient and safe method for people to save and Invest money and to provide for the sound and economical financing of homes; and.
Page 505 - ... (7) contain such terms and provisions with respect to insurance, repairs, alterations, payment of taxes, default reserves, delinquency charges, foreclosure proceedings, anticipation of maturity, additional and secondary liens, and other matters as the Administrator may in his discretion prescribe.