Housing Amendments of 1953: Hearings Before ... , 83-1 on H.R. 5667 ... , June 16 ... 23, 1953

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Стр. 182 - USC 1177(b)) is amended by inserting before the period at the end thereof a comma and the following: "and...
Стр. 38 - June 30, 1953, by section 614 of the Defense Housing and Community Facilities and Services Act of 1951 (Public Law 139, 82d Cong...
Стр. 2 - Administrator shall charge the group account with the estimated losses arising from transactions relating to that group, shall transfer to the General Reinsurance Account an amount equal to 10 per centum of the total premium charges theretofore credited to such group account, and shall distribute to the mortgagees for the benefit and account of the mortgagors of the mortgages assigned to such group, the balance remaining in such group in such proportions as may be equitable as among such mortgages...
Стр. 4 - President, pursuant to section 101 of the Defense Housing and Community Facilities and Services Act of 1951, shall have determined to be a critical defense housing area...
Стр. 93 - Commissioner may, by regulation, increase any of the foregoing dollar amount limitations contained in this clause by not to exceed 45 per centum in any geographical area where he finds that cost levels so require...
Стр. 2 - ... (c) The Administrator shall terminate the insurance as to any group of mortgages (1) when he shall determine that the amounts to be distributed as hereinafter set forth to each mortgagee under an outstanding mortgage assigned to such group are sufficient to pay off the unpaid principal of each such mortgage, or (2) when all the outstanding mortgages in any group have been paid. Upon such termination the...
Стр. 3 - Payments to the Secretary of the Treasury under this section shall be made in such amounts and at such times as the Secretary determines, after consultations with the Secretary of the Treasury, that funds are available for that purpose, taking into consideration the continued solvency of the funds involved. All payments made pursuant to this section shall be covered into the Treasury as miscellaneous receipts.
Стр. 5 - ... such cash consideration as such Board shall deem reasonable, and (3) all powers of the Corporation with respect to the execution of any instruments or documents affecting title to real estate or with respect to authorizing satisfactions of judgments are transferred to such Board. Any such instruments or documents executed by the Secretary or an Assistant Secretary to such Board on behalf of the Board shall be as effective as if the same had been executed by the Corporation prior to its dissolution....
Стр. 194 - This increase in earnings was associated with, and presumably reflected in, the higher rates of improvement in housing supply as well as increase in home ownership among nonwhites than whites. Yet, at the end of the decade in 1950, there still remained broad differentials in the proportionate supply and quality of housing available to nonwhite and white families, and homes among nonwhites continued to show greater proportionate need for improvement than did those of whites.
Стр. 3 - ... in subparagraph (G), the Association may (in the discretion of its Board of Directors, and notwithstanding the provisions of subparagraph (G) issue a purchase contract (which shall not be assignable or transferable except with the consent of the Association) in an amount not exceeding the amount of the sale of mortgages purchased from the Association, entitling the holder thereof to sell to the Association mortgages in the amount of the contract, upon such terms and conditions as the Association...

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