Defense Housing Insurance: Hearing Before the Committee on Banking and Currency, House of Representatives, Seventy-seventh Congress, First Session, on H.R. 3575 Superseding H.R. 3162, a Bill to Amend the National Housing Act, and for Other Purposes. February 17, 18, 19, 20, 21, 1941U.S. Government Printing Office, 1941 - 166 pages |
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Page 13
... fact , sir , the present act authorizes the Administrator to insure mortgages in certain circumstances up to 6 percent . It is contemplated that these mortgages will all have probably 412 percent interest as a maximum . That is done by ...
... fact , sir , the present act authorizes the Administrator to insure mortgages in certain circumstances up to 6 percent . It is contemplated that these mortgages will all have probably 412 percent interest as a maximum . That is done by ...
Page 15
... fact , and I think it is a problem and I want to discuss that later on and not so much now , because I have some other things I want to ask about now . One matter I want to ask about , you have this $ 10,000,000 , and then you have in ...
... fact , and I think it is a problem and I want to discuss that later on and not so much now , because I have some other things I want to ask about now . One matter I want to ask about , you have this $ 10,000,000 , and then you have in ...
Page 16
... fact , has the President ever ad- vanced anything out of the emergency fund for any such purpose under the present law ? Mr. BOVARD . No ; I think not , sir . Mr. GIFFORD . I wanted to finish that questioning while I am on it . Is there ...
... fact , has the President ever ad- vanced anything out of the emergency fund for any such purpose under the present law ? Mr. BOVARD . No ; I think not , sir . Mr. GIFFORD . I wanted to finish that questioning while I am on it . Is there ...
Page 17
... fact that a person can buy without having to make a down payment , and he accumulates the down payment over a period of time . It would be very helpful to the workers , because so few have the necessary three or four hun- dred dollars ...
... fact that a person can buy without having to make a down payment , and he accumulates the down payment over a period of time . It would be very helpful to the workers , because so few have the necessary three or four hun- dred dollars ...
Page 18
... fact that this exact provision , as I remember , and I am very sure that is correct , that is in the original act . Mr. PALMER . That is the only reason for the provisions in this act . It merely followed the other . I think the ...
... fact that this exact provision , as I remember , and I am very sure that is correct , that is in the original act . Mr. PALMER . That is the only reason for the provisions in this act . It merely followed the other . I think the ...
Expressions et termes fréquents
ABNER H agencies allocated amendment amount areas banks BECK believe BOVARD build built CHAIRMAN charge committee Congress contractor Coordinator Corporation course CRAWFORD debentures defense employee Defense Homes Corporation defense housing insurance defense industry defense plants defense program defense workers deficiency judgment dollars EDGERTON emergency F. H. A. mortgage Federal Housing Administration Federal Loan Administrator FERGUSON financing FORD foreclosure costs GIFFORD going GORE Government Housing Authority insurance fund insured mortgages interest rate JONES KLEBERG KOPPLEMANN KRAMER Lanham Act Lanham bill loans loss McDONALD ment Miss SUMNER MONRONEY months MORRIS mortgage insurance mortgagor National Housing Act operation paid PALMER PATMAN payment powder plant premium present President private capital purchase purpose question rent rental section 203 sell SMITH SPENCE statement thing tion Treasury understand United States Housing want to ask WILLIAMS WOLCOTT
Fréquemment cités
Page 4 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Page 3 - (5) bear interest (exclusive of premium charges for insurance) but not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time...
Page 4 - Debentures issued under this section shall be in such form and denominations in multiples of $50, shall be subject to such terms and conditions, and shall include such provisions for redemption, if any, as may be prescribed by the Administrator with the approval of the Secretary of the Treasury, and may be in coupon or registered form.
Page 4 - Treasury, at the time the mortgage was offered for insurance, but not to exceed 3 per centum per annum, payable semiannually on the 1st day of January and the 1st day of July of each year, and shall mature...
Page 5 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 1 - ... 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 4 - Such debentures shall be exempt, both as to principal and interest, from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by any Territory, dependency, or possession of the United States or by the District of Columbia, or by any State, county, municipality, or local taxing authority.
Page 6 - Nothing herein shall be construed to exempt the real property of associations from taxation in any state or in any sub-division thereof to the same extent, according to its value, as other real property is taxed.
Page 4 - ... the Secretary of the Treasury shall pay to the holders the amount thereof which is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such debentures.
Page 2 - Administrator shall approve) in an amount not to exceed 90 per centum of the appraised value (as of the date the mortgage is accepted for insurance) of a property, urban, suburban, or rural, upon which there is located a dwelling designed principally for residential use for not more than four families in the aggregate, which is approved for mortgage insurance prior to the beginning of construction.