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 61
Page 6
... fact that in time and as they understood the facts of the case , the great bulk of these mortgagees with whom we nego- tiated accepted the bonds on the basis of our representations and accepted them at par and in good faith . From our ...
... fact that in time and as they understood the facts of the case , the great bulk of these mortgagees with whom we nego- tiated accepted the bonds on the basis of our representations and accepted them at par and in good faith . From our ...
Page 8
... fact that a great many of them who have gotten by do not want to pay the very moderate principal payments , because you will remember that these mortgages are amortized over a period of 15 years ; they do not want to pay when they are ...
... fact that a great many of them who have gotten by do not want to pay the very moderate principal payments , because you will remember that these mortgages are amortized over a period of 15 years ; they do not want to pay when they are ...
Page 14
... fact that I have not been satisfied , and I want to be in a safe position as regards whether I will support this measure on the floor or oppose it , depending upon the adminis- tration of this Board , and I asked the question yesterday ...
... fact that I have not been satisfied , and I want to be in a safe position as regards whether I will support this measure on the floor or oppose it , depending upon the adminis- tration of this Board , and I asked the question yesterday ...
Page 17
... fact that Mr. Kopplemann was last on the record yesterday , I will ask him if he has any further questions . Mr. KOPPLEMANN . Yes , Mr. Chairman . You said yesterday after- noon , Mr. Fahey , that you had no complaints against your ...
... fact that Mr. Kopplemann was last on the record yesterday , I will ask him if he has any further questions . Mr. KOPPLEMANN . Yes , Mr. Chairman . You said yesterday after- noon , Mr. Fahey , that you had no complaints against your ...
Page 18
... , that property had been twice appraised , and the facts of the matter are these : The mortgage on his property was $ 3,450 ; there was accrued interest of $ 305 and taxes of $ 175 , 18 GUARANTEE BONDS OF HOME OWNERS ' LOAN CORPORATION.
... , that property had been twice appraised , and the facts of the matter are these : The mortgage on his property was $ 3,450 ; there was accrued interest of $ 305 and taxes of $ 175 , 18 GUARANTEE BONDS OF HOME OWNERS ' LOAN CORPORATION.
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...