To Guarantee Bonds of Home Owner's Loan Corporation: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-third Congress, Second Session, on H. R. 8403 (S. 2999) a Bill to Guarantee Bonds of Home Owners' Loan Corporation, to Amend Home Owners' Loan Act of 1933, and for Other Purposes. March 7, 8, 12, 15, 16, 19, 20, 1934U.S. Government print. of., 1934 - 142 pages |
From inside the book
Results 1-5 of 28
Page 8
... distress , who were abundantly able to take care of their pres- ent obligations with the present mortgage lenders , but who thought it would be a a nice thing if they did not have to meet any of these obligations for the next 2 or 3 ...
... distress , who were abundantly able to take care of their pres- ent obligations with the present mortgage lenders , but who thought it would be a a nice thing if they did not have to meet any of these obligations for the next 2 or 3 ...
Page 20
... distress , the cases where people are in danger of losing their homes . Where the other cases are not of that sort we let them take their regular course . We just literally have thousands of cases where Mr. Mortgagee finally comes ...
... distress , the cases where people are in danger of losing their homes . Where the other cases are not of that sort we let them take their regular course . We just literally have thousands of cases where Mr. Mortgagee finally comes ...
Page 33
... distress loan . That is not necessarily a distress loan where there is a mere default , but my principal criticism of section O is based upon your statement yesterday that you have applications for $ 2,700,000,000 loans now , and Mr ...
... distress loan . That is not necessarily a distress loan where there is a mere default , but my principal criticism of section O is based upon your statement yesterday that you have applications for $ 2,700,000,000 loans now , and Mr ...
Page 34
... distress default " in any respect whatsoever . Mr. BROWN . Are you addressing yourself to lines 22 to 25 ? Mr. RUSSELL . No ; I refer to the Home Owners ' Loan Act of 1933 , as it now exists . It does not refer to distress default in ...
... distress default " in any respect whatsoever . Mr. BROWN . Are you addressing yourself to lines 22 to 25 ? Mr. RUSSELL . No ; I refer to the Home Owners ' Loan Act of 1933 , as it now exists . It does not refer to distress default in ...
Page 35
... distress . You have taken care of their obligations to their creditors . Now , you are going to take more of this ... distressed home owner at the same time . Mr. FAHEY . It may easily be . We are unable to tell at the present time ...
... distress . You have taken care of their obligations to their creditors . Now , you are going to take more of this ... distressed home owner at the same time . Mr. FAHEY . It may easily be . We are unable to tell at the present time ...
Common terms and phrases
administration amendment amount applications appraisal authorized BEEDY bill billion BODFISH borrower BROUN BROWN building and loan BUSBY cash CAVICCHIA CHAIRMAN committee Congress Congressman course debt default distressed home dollars ELLENBOGEN exchange fact FAHEY Federal Home Loan Federal savings financing FISH foreclosures funds gentlemen give going GOLDSBOROUGH Government HANCOCK Hartford office HOEPPEL HOLLISTER Home Loan Bank Home Owners home-financing houses institutions interest rate KOPPLEMANN legislation liquidation Loan Act loan associations Loan Bank Board Loan Corporation LUCE MARSH matter MEEKS ment mort mortgage mortgagor November 21 obligation operations payments percent poration PRALL preferred shares preferred stock present principal proposal provision purchase purpose question rate of interest reason Reconstruction Finance Corporation referred REILLY retirement RUSSELL savings and loan Secretary SISSON statement STEVENSON subsection suggest SWEENEY thing tion Treasury United WOLCOTT
Popular passages
Page 1 - Corporation shall be unable to pay upon demand, when due, the principal of, or interest on. such bonds, the Secretary of the Treasury shall pay to the holder the amount thereof which is hereby authorized to be appropriated out of any moneys 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 bonds.
Page 1 - 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 95 - ... makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or...
Page 1 - Secretary of the Treasury may at any time sell any of the notes or other obligations acquired by him under this subsection.
Page 132 - But neither property rights nor contract rights are absolute; for government cannot exist if the citizen may at will use his property to the detriment of his fellows, or exercise his freedom of contract to work them harm. Equally fundamental with the private right is that of the public to regulate it in the common interest.
Page 1 - Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 1 - ... shall be issued in such manner and sold at such prices, as may be prescribed by the corporation, with the approval of the Secretary of the Treasury.
Page 52 - Corporation for a loan, whether bond or cash except ordinary fees authorized and required by the Corporation for services actually rendered for examination and perfection of title, appraisal, and like necessary services.
Page 1 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Commissioner issued under this title and for such purpose is authorized to use as a public-debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 3 - ... appropriated, out of any money in the Treasury not otherwise appropriated, the sum of $100,000,000, to be immediately available and to remain available until expended. Each such association shall issue receipts for such payments by the Secretary of the Treasury in such form as may be approved by the...