To Amend the National Housing Act, Hearings Before ..., 75-2 on S. 3055 ..., December 1 ... 10, 1937 |
From inside the book
Page 4
... The principal of and interest paid and to be paid on debentures issued in exchange for property conveyed to the Administrator under section 204 in connection with mortgages insured under section 203 , payments made or to be made to the ...
... The principal of and interest paid and to be paid on debentures issued in exchange for property conveyed to the Administrator under section 204 in connection with mortgages insured under section 203 , payments made or to be made to the ...
Page 8
... The principal of and interest paid and to be paid on debentures issued in exchange for any mortgage or property insured under this section or section 210 , cash adjustments , and expenses incurred in the handling of such mortgages or ...
... The principal of and interest paid and to be paid on debentures issued in exchange for any mortgage or property insured under this section or section 210 , cash adjustments , and expenses incurred in the handling of such mortgages or ...
Common terms and phrases
42 percent 80 percent 90-percent loan amortization amount appraisal average BARKLEY bill bonds builder building and loan built buyer cash cents CHAIRMAN cities COLEAN committee construction contractor Corporation cost debentures dollars ECCLES employment exempt Federal Housing Administration financing FLEMING foreclosure FRIEDLANDER fund gage going Government guaranteed Home Loan Bank home owner income institutions insured mortgages interest rate investment Irving Trust Co JONES labor lending loan associations materials McAvoy McDONALD ment MEYER months mort mortgage insurance mortgagor Munsey Park National Housing Act operation paid premium purchase question real estate Reconstruction Finance Corporation reduce rent rental Secretary WALLACE section 207 securities sell Senator ADAMS Senator BULKLEY Senator BYRNES Senator FRAZIER Senator HITCHCOCK Senator MALONEY Senator McADOO Senator TOWNSEND sold STARK subsection taxation thing tion United wage WOLOSOFF WOOLLEY workers
Popular passages
Page 1 - ... 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 obligations.
Page 3 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 3 - mortgage' means a first mortgage on real estate, In fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable; or (2) under a lease having a period of not less than fifty years to run from the date the mortgage was executed; and the term 'first mortgage...
Page 8 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 4 - Administrator as to rents or sales, charges, capital structure, rate of return, and methods of operation to such extent and in such manner as to provide reasonable rentals to tenants and a reasonable return on the investment.
Page 9 - ... shall be a misdemeanor and be punished by a fine not exceeding $1,000 or by imprisonment not exceeding one year, or both...
Page 5 - Treasury, at the time the mortgage was offered 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...
Page 8 - Whoever, for the purpose of obtaining any loan or advance of credit from any person, partnership, association, or corporation with the intent that such loan or advance of credit shall be offered to or accepted by the...
Page 5 - V shall be considered a default under such mortgage and, if such default continues for a period of thirty days, the mortgagee shall be entitled to receive the benefits of the insurance...
Page 6 - ... notwithstanding any other provisions of law relating to the acquisition, handling, or disposal of real property by the United States...