Word: mortgagee
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Dates: during 1930-1939
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Some hope also the liberals place on Associate Justice Owen Josephus Roberts, the baby of the Court, who is a mere 59. He was a corporation lawyer in Pennsylvania until President Coolidge put him in charge of the criminal prosecution of the Naval Oil Scandals. He sent Albert Bacon Fall...
John Jones was a stone mason who owned his own home but he had not been able to meet the instalments on his mortgage for a year and a half. The only one in the family who had work was the boy, who was a shoe clerk. The boy'...
People like the Joneses needed relief almost as much as the farmers, the bankers, and the unemployed when President Roosevelt entered the White House one rainy afternoon in March 1933. Within a few months Home Owners' Loan Corp. was established to furnish urban mortgage relief, issuing its bonds in...
HOLC got off to a slow, clumsy start because President Roosevelt appointed a "lame duck" Congressman from South Carolina named William Francis Stevenson as its chairman. Democrat Stevenson apparently was more interested in giving his relatives and friends jobs in the new Government agency than he was in getting started...
HOLChairman Fahey still has $1,200,000,000 to loan but the 400,000 cases now pending will use that up. When the last application has been passed HOLC will have refinanced about one-fifth of the total U.S. home-mortgage debt. So last week, its job well done, HOLC...