Amendments to National Housing Act: Hearings Before ... , 75-2 on H.R. 8520 ... , November 30 ... December 10, 19371937 - 272 pages |
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Page 14
... thing we have not put in here as mandatory , but we have requested that the bonds be exempted from State taxation for the reason that in a great many States the obliga- tions of a mortgage association are taxed identically as the ...
... thing we have not put in here as mandatory , but we have requested that the bonds be exempted from State taxation for the reason that in a great many States the obliga- tions of a mortgage association are taxed identically as the ...
Page 20
... thing , what effect is it going to have on these existing agencies now doing business ? Mr. McDONALD . I still believe , and I repeat , that any benefits derived from the 90 - percent loan by the home owner whereby he may only pay down ...
... thing , what effect is it going to have on these existing agencies now doing business ? Mr. McDONALD . I still believe , and I repeat , that any benefits derived from the 90 - percent loan by the home owner whereby he may only pay down ...
Page 21
... thing was true when we brought out the 80 - percent loan . The making of an 80 - percent loan was a new venture in ... things to me , with every facility the United States has been able to invent , such as rehabilitation of ...
... thing was true when we brought out the 80 - percent loan . The making of an 80 - percent loan was a new venture in ... things to me , with every facility the United States has been able to invent , such as rehabilitation of ...
Page 23
... thing . Mr. GOLDSBOROUGH . These mortgages are guaranteed 100 percent ? Mr. McDONALD . Insured 100 percent . Mr. GOLDSBOROUGH . Insured 100 percent . all these banks actually render is a service . risk . They could afford to service ...
... thing . Mr. GOLDSBOROUGH . These mortgages are guaranteed 100 percent ? Mr. McDONALD . Insured 100 percent . Mr. GOLDSBOROUGH . Insured 100 percent . all these banks actually render is a service . risk . They could afford to service ...
Page 25
... things change gradually until now we see in the newspapers advertisements of certain wares which say " no payment down " ? Mr. McDONALD . That is right . Mr. LUCE . I have seen the same thing in regard to savings banks and cooperative ...
... things change gradually until now we see in the newspapers advertisements of certain wares which say " no payment down " ? Mr. McDONALD . That is right . Mr. LUCE . I have seen the same thing in regard to savings banks and cooperative ...
Common terms and phrases
90 percent 90-percent loan ABNER H amended amortization amount authority average bill BODFISH bonds borrower builders building and loan CHAIRMAN cities COLEAN committee Congressman construction Corporation cost course CRAWFORD debentures default DEMUTH dwellings ECCLES Federal Housing Administration Federal Reserve FERGUSON financing FISH FLEMING FORD foreclosure FRANK funds gage GIFFORD going GOLDSBOROUGH Government Government bonds guaranteed HANCOCK Home Loan Bank home owner income industry insurance companies insured mortgages interest rates investment JONES labor legislation lender lending institutions loan associations LUCE McDONALD MCGRANERY MCKEOUGH ment mort mortgage insurance mortgage loans mortgagor National Housing Act national mortgage associations operation paid PATMAN payment premium present private capital proposed purchase question rates charged real estate real-estate Reconstruction Finance Corporation rent savings and loan section 207 securities sell SPENCE subsection thing thrift tion TRANSUE WILLIAMS WOLCOTT
Popular passages
Page 120 - 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.