Amendments to National Housing Act: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-fifth Congress, Second Session, on H.R. 8520, to Amend the National Housing Act and for Other Purposes. November 30, December 1, 2, 3, 7, 8, 9, 10, 1937
U.S. Government Printing Office, 1937 - 272 páginas
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90 percent ABNER H amended amount appraised authority average banks believe bill BODFISH bonds borrower builders building building and loan capital CHAIRMAN charge cities committee companies construction Corporation cost course CRAWFORD debentures dwellings EccLEs expenses fact Federal Housing Administration FERGUSON financing Fish FLEMING follows foreclosure funds GIFFORD give going GOLDSBOROUGH Government guaranteed HANCOCK home owner income increase individual industry institutions interest investment issued JONES labor legislation lending less limited loan LUCE material McDONALD McGRANERY McKEOUGH mean ment national mortgage associations obligation operation organize original paid payment percent period possible practically premium present projects proposed purchase question reason rent require Reserve savings securities sell SPENCE statement suggest thing tion understand United WILLIAMS Wolcott
Página 3 - ... 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.
Página 10 - 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.
Página 5 - ... 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. (b) The term "mortgagee...
Página 4 - Each such certificate of claim shall provide that there shall accrue to the holder of such certificate with respect to the face amount of such certificate, an increment at the rate of 3 per centum per annum which shall not be compounded.
Página 130 - Administrator as to rents or sales, charges, capital structure, rate of return, and methods of operation to such extent and in such manner as to provide reasonable rentals to tenants and a reasonable return on the investment.
Página 10 - Whoever, for the purpose of obtaining any loan or advance of credit from any person, partnership, association, or corporation with the intent that such loan or advance of credit shall be offered to or accepted by the...
Página 6 - V shall be considered a default under such mortgage and, if such default continues for a period of thirty days, the mortgagee shall be entitled to receive the benefits of the insurance...
Página 8 - Insurance Fund. The principal of, and interest paid and to be paid on, debentures...