Defense Housing Insurance, Hearing Before a Subcommittee of ..., 77-1 on H.R. 3575 ..., March 14, 1941 |
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Page 11
... course , they claim they cannot get it much lower than that in Ohio cost territory . Mr. FERGUSON . Do you not think that private capital can of neces- sity build them for less than the Government can build them ? Senator TAFT . Frankly ...
... course , they claim they cannot get it much lower than that in Ohio cost territory . Mr. FERGUSON . Do you not think that private capital can of neces- sity build them for less than the Government can build them ? Senator TAFT . Frankly ...
Page 15
... course , we do not have any funds to use- that is , we do not initiate mortgages . Senator DOWNEY . I mean , some of the projects will be in California . Mr. FERGUSON . Undoubtedly , and they will be financed probably by lending ...
... course , we do not have any funds to use- that is , we do not initiate mortgages . Senator DOWNEY . I mean , some of the projects will be in California . Mr. FERGUSON . Undoubtedly , and they will be financed probably by lending ...
Page 16
... course , if we make mis- takes , as we do , that is one thing , but I do not think the houses will be a hazardous risk at all . Senator DOWNEY . There are thousands of men being drawn into em- ployment in California only because of the ...
... course , if we make mis- takes , as we do , that is one thing , but I do not think the houses will be a hazardous risk at all . Senator DOWNEY . There are thousands of men being drawn into em- ployment in California only because of the ...
Page 18
... houses not to have the same facilities for sale that houses under this act would have . But of course January 18 DEFENSE HOUSING INSURANCE Jones, Jesse H , Secretary of Commerce and Administrator of Federal Loan Agency, Washington, D C ---
... houses not to have the same facilities for sale that houses under this act would have . But of course January 18 DEFENSE HOUSING INSURANCE Jones, Jesse H , Secretary of Commerce and Administrator of Federal Loan Agency, Washington, D C ---
Page 19
... course January 1 , 1941 , would not protect the man who had started to build his houses in December of 1940 and still had 100 houses on his hands and could not sell them in competition with these . What we are suggesting is that instead ...
... course January 1 , 1941 , would not protect the man who had started to build his houses in December of 1940 and still had 100 houses on his hands and could not sell them in competition with these . What we are suggesting is that instead ...
Expressions et termes fréquents
ABNER H accepted for insurance amendment American Federation amount BATES bill building built centum certificate of claim Congress construction Corporation cost debentures issued default defense areas Defense Fund DEFENSE HOUSING INSURANCE defense industries defense production defense workers deficiency judgment Detroit Federal Government Federal Housing Administration Federation of Labor FERGUSON four-family gage gift taxes home ownership home-building housing committee increase interest Lanham Act lending institution loans ment monthly payments mort mortgage insurance mortgagor National Housing Act operative builder paid Pontiac premium charges prevailing wage principal obligation profit proposed purchase question R. J. Thomas rent rental risk Secretary section 203 sell Senator BANKHEAD chairman Senator BARKLEY Senator BROWN Senator DOWNEY Senator RADCLIFFE Senator TAFT SHERIDAN DOWNEY SMITH sound South Bend speculative builder subcommittee surtaxes tion Treasury United United Automobile Worker WALES words titles
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 - ... (d) Any contract of insurance heretofore or hereafter executed by the Administrator under this title shall be conclusive evidence of the eligibility of the mortgage for insurance, and the validity of any contract of insurance so executed shall be incontestable in the hands of an approved mortgagee from the date of the execution of such contract, except for fraud or misrepresentation on the part of such approved mortgagee.
Page 5 - USC 5), shall not be construed to apply to any contract of hazard insurance or to any purchase or contract for services or supplies on account of property obtained by the Administrator as a result of loans made under this Act if the premium therefor or the amount thereof does not exceed $1,000.
Page 12 - 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 (except surtaxes, estate, inheritance, and gift taxes) 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 - Administrator, have otherwise acquired such property from the mortgagor after default, the mortgagee shall be entitled to receive the benefit of the insurance as hereinafter provided, upon (1) the prompt conveyance to the...
Page 5 - The power to convey and to execute in the name of the Administrator deeds of conveyance, deeds of release, assignments and satisfactions of mortgages, and any other written instrument relating to real property or any interest therein...
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 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 5 - ... notwithstanding any other provision of law, the Administrator shall also have power to pursue to final collection, by way of compromise or otherwise, all claims against mortgagors assigned by mortgagees to the Administrator as provided in this section...
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.