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 8
... proposed to assist in the organization and development of them , and an appro- priation of $ 100,000,000 is proposed to take preferred stock in these associations , provided the people of the community first subscribe and pay in an ...
... proposed to assist in the organization and development of them , and an appro- priation of $ 100,000,000 is proposed to take preferred stock in these associations , provided the people of the community first subscribe and pay in an ...
Page 10
... proposed in this bill is that home mortgages are safer than commercial and speculative mortgages on hotels , apartments , vacant property , miscellaneous property , or even central business property and therefore to put the two classes ...
... proposed in this bill is that home mortgages are safer than commercial and speculative mortgages on hotels , apartments , vacant property , miscellaneous property , or even central business property and therefore to put the two classes ...
Page 11
... propose to go behind all of the home mortgages or all of the mortgages in the country . If the Government is going behind it and going to raise the money , that would be a different question , but it has to go forward on its own ...
... propose to go behind all of the home mortgages or all of the mortgages in the country . If the Government is going behind it and going to raise the money , that would be a different question , but it has to go forward on its own ...
Page 21
... proposed corporation take over the first mortgage . If the proposed corporation advances money to pay interest and taxes , it will be benefiting the second mortgage , but it will not benefit the home owner , because he will still be ...
... proposed corporation take over the first mortgage . If the proposed corporation advances money to pay interest and taxes , it will be benefiting the second mortgage , but it will not benefit the home owner , because he will still be ...
Page 33
... propose it does not represent 18 billions of new money , because the money is now frozen in those mortgages . Senator BULKLEY . I understand . Mr. McAvoy . The 9 billion is now frozen . It might take a billion more or a billion and a ...
... propose it does not represent 18 billions of new money , because the money is now frozen in those mortgages . Senator BULKLEY . I understand . Mr. McAvoy . The 9 billion is now frozen . It might take a billion more or a billion and a ...
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...