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 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...

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