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
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Page 2
... obligations , and liens upon homes , and the Corporation is author- ized to increase its total bond issue in an amount equal to the bonds so exchanged . " ( N ) In the event Home Owners ' Loan Corporation calls in for refunding any of ...
... obligations , and liens upon homes , and the Corporation is author- ized to increase its total bond issue in an amount equal to the bonds so exchanged . " ( N ) In the event Home Owners ' Loan Corporation calls in for refunding any of ...
Page 8
... 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 years . It Of course , every loan of that character , which gets by us ...
... 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 years . It Of course , every loan of that character , which gets by us ...
Page 10
... obligations from us . But it does represent a recourse which we regard as very important , particularly under present conditions . There is one other incidental provision in the act to which I shall refer . As the law stands , Congress ...
... obligations from us . But it does represent a recourse which we regard as very important , particularly under present conditions . There is one other incidental provision in the act to which I shall refer . As the law stands , Congress ...
Page 21
... obligated in any way to pay the face value of the policies . In cases like this one , where it is evident that our borrowers are paying premiums for protection they could never collect on , we have taken the initia-- tive in reducing ...
... obligated in any way to pay the face value of the policies . In cases like this one , where it is evident that our borrowers are paying premiums for protection they could never collect on , we have taken the initia-- tive in reducing ...
Page 34
... obligations and liens against homes held by institutions in liquidation may be refunded , whether in default or not . " Now , getting back to the point Mr. Luce made as to the original purpose of this bill it seems to me that goes away ...
... obligations and liens against homes held by institutions in liquidation may be refunded , whether in default or not . " Now , getting back to the point Mr. Luce made as to the original purpose of this bill it seems to me that goes away ...
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...