Housing Amendments of 1957: Hearings Before a Subcommitte of ..., 85-1 ..., March 18 ... April 3,1957

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1957 - 995 pagini
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Pagina 17 - In the performance of, and with respect to, the functions, powers, and duties...
Pagina 116 - ... provide supplementary assistance to the secondary market for home mortgages by providing a degree of liquidity for mortgage investments, thereby improving the distribution of investment capital available for home mortgage financing...
Pagina 26 - OF THE COMMISSION SEC. 7. (a) The Commission shall have power to appoint and fix the compensation of such personnel as it deems advisable, without regard to the provisions of the civil service laws and the Classification Act of 1949, as amended.
Pagina 10 - Commissioner as responsible and able to service the mortgage properly; "(2) involve a principal obligation (including such initial service charges, appraisal, inspection, and other fees as the Commissioner shall approve) in an amount not to exceed...
Pagina 290 - The Board exercises administrative, legislative, and judicial powers similar to those exercised by the Federal Reserve Board and the Federal Deposit Insurance Corporation. The operations of the Federal Home Loan Bank System and the Federal Savings and Loan Insurance Corporation...
Pagina 26 - Congress who are members of the Commission shall serve without compensation in addition to that received for their services as Members of Congress; but they shall be reimbursed for travel, subsistence, and other necessary expenses incurred by them in the performance of the duties vested in the Commission.
Pagina 24 - ... income, shall be exempt from all taxation 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, except that any real property of the Corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent according to its value as other real property is taxed.
Pagina 22 - ... 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.
Pagina 19 - A commissioner shall hold office until his successor has been appointed and has qualified.
Pagina 15 - (5) Bear interest (exclusive of premium charges for insurance, and service charges if any) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time, or not to exceed such per centum per annum not in excess of 6 per centum as the Secretary finds necessary to meet the mortgage market.

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