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, 1933U.S. Government Printing Office, 1933 - 135 pages |
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Page 22
... feel amply secured by his first mortgage , and the second mortgagee felt inse- cure and is not so situated as to be able to take over the property and carry it . There is one other feature of the bill to which I want to call attention ...
... feel amply secured by his first mortgage , and the second mortgagee felt inse- cure and is not so situated as to be able to take over the property and carry it . There is one other feature of the bill to which I want to call attention ...
Page 23
... feel are points from practical observation in our work dealing with home owners in distress . Senator BULKLEY . This document that you have handed me seems too voluminous to print in the record . Mr. McAvoy . The bill as amended is on ...
... feel are points from practical observation in our work dealing with home owners in distress . Senator BULKLEY . This document that you have handed me seems too voluminous to print in the record . Mr. McAvoy . The bill as amended is on ...
Page 24
... feel in the existing bill , where it would not operate , is in the matter of appraisal . We advocated last week , when the outline was disclosed , prior to the introduction of the bill , that we felt that it would fail to function ...
... feel in the existing bill , where it would not operate , is in the matter of appraisal . We advocated last week , when the outline was disclosed , prior to the introduction of the bill , that we felt that it would fail to function ...
Page 29
... feel that unless some vital questions are met , it will be unavailing . One important one is that appraisals and another is making inclusive all homes and not distinguish- ing as to $ 10,000 homes , for which limitation I feel no ...
... feel that unless some vital questions are met , it will be unavailing . One important one is that appraisals and another is making inclusive all homes and not distinguish- ing as to $ 10,000 homes , for which limitation I feel no ...
Page 32
... feel that they should have , in a sense , the responsibility of foreclosure . And I feel that the bonds should be so attractive to people that they would come in and do this . At the present moment on this bill I feel that it is not ...
... feel that they should have , in a sense , the responsibility of foreclosure . And I feel that the bonds should be so attractive to people that they would come in and do this . At the present moment on this bill I feel that it is not ...
Expressions et termes fréquents
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
Fréquemment cités
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...