National Housing Act Amendments of 1942, Hearings Before a Subcommittee of .., 77-2 on H.R. 6927 ..., April 28 and 29, 1942 |
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Page 2
... property was otherwise acquired by the mortgagee after default , and shall bear interest from such date at a ... project , including the land ; the proposed physical improvements ; utilities within the boundaries of the property ...
... property was otherwise acquired by the mortgagee after default , and shall bear interest from such date at a ... project , including the land ; the proposed physical improvements ; utilities within the boundaries of the property ...
Page 21
... property or project . " The new sec- tion abandons the restrictions previously enacted by Congress to pre- vent overvaluation and consequent default of such projects . The provisions of the new section will ( a ) permit overvaluation ...
... property or project . " The new sec- tion abandons the restrictions previously enacted by Congress to pre- vent overvaluation and consequent default of such projects . The provisions of the new section will ( a ) permit overvaluation ...
Page 37
... property . Senator BROWN . What is his primary investment ? Mr. FERGUSON . His primary investment is his ... project , * * * It seems to us that this new section abandons the restrictions previ- ously enacted by Congress to ...
... property . Senator BROWN . What is his primary investment ? Mr. FERGUSON . His primary investment is his ... project , * * * It seems to us that this new section abandons the restrictions previ- ously enacted by Congress to ...
Common terms and phrases
30 days 90 percent accepted for insurance accommodations ALBEN W amendments of 1942 American Federation amount bill BLANDFORD built completed property Congress construction course debentures default defense housing defense workers definite Detroit DEVERALL economically sound enacted Federal Housing Administration Federation of Labor FERGUSON financing going hereby amended Home Builders Housing Act amendments housing insurance fund housing war workers income inserting in lieu KEYSERLING language lieu thereof loans March 31 maturity maximum ment monthly payments mortgage insurance mortgagor National Housing Act National Housing Agency nonwar workers operations plant present private capital private enterprise Production Board profit property or project proposed question recommendation rent rental housing require restricted section 207 Senator BROWN Senator MALONEY Senator RADCLIFFE chairman Senator WAGNER SHERIDAN DOWNEY SHISHKIN statement subcommittee suggested thereof the word thing tion title VI housing War Production Board Willow Run word title
Popular passages
Page 4 - Administrator, with the approval of the Secretary of the Treasury, at the time the mortgage was offered for insurance, but not to exceed 3 per centum per annum...
Page 4 - Treasury, at the time the mortgage was accepted 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.
Page 5 - ... of all claims of the mortgagee against the mortgagor or others, arising out of the mortgage transaction or foreclosure proceedings, except such claims as may have been released with the consent of the Administrator.
Page 4 - (d) The debentures issued under this section to any mortgagee shall be executed in the name of the Defense Housing Insurance Fund as obligor, shall be signed by the Administrator by either his written or engraved signature, and shall be negotiable. All such debentures shall be dated as of the date foreclosure proceedings were instituted, or the property was otherwise acquired by the mortgagee after default...
Page 4 - To be eligible for insurance under this section a mortgage shall meet the following conditions : "(1) The mortgaged property shall be held by a mortgagor approved by the Administrator. The Administrator may, in his discretion, require such mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation. The...
Page 6 - It (1) unless the obligation bears such interest, has such maturity, and contains such other terms, conditions, and restrictions as ' the administrator shall prescribe in order to make credit available for the purposes of this title...
Page 5 - Administrator in force at the time the mortgage was insured, and which is evidenced in the manner prescribed by such rules and regulations; and (2) the assignment to him of all claims of the mortgagee...
Page 4 - ... (b) To be eligible for insurance under this section, a mortgage shall— "(1) have been made to and be held by a mortgagee approved by the Administrator...
Page 6 - SECTION 1. In order to provide housing for persons engaged in national-defense activities, and their families, in those areas or localities in which the President shall find that an acute shortage of housing exists or impends which would impede national-defense activities and that such housing would not be provided by private capital when needed...
Page 5 - ... and a certificate of claim, as hereinafter provided. For the purposes of this subsection, the value of the mortgage shall be determined,. in accordance with rules and regulations prescribed by the...