Word: mortgagee
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Dates: during 1930-1939
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This trend of judicial opinion may be inferred from the latest decision of the Supreme Court of the United States in sustaining the Minnesota Mortgage Law.
The Minnesota law provided that the state could prevent foreclosures by requiring the holder of the mortgage to accept a fair rental value on interest charge until a specific date in 1934. Had there been no date fixed, the law would have been regarded as a piece of permanent legislation...
Perhaps the most far-reaching effect of the Minnesota mortgage case decision will be its effect on real estate finance. If a state can pass a law suspending foreclosures, even for an emergency period, what rank will investors hereafter give real estate in their list of investments, It may be...
But certainly with Minnesota, which probably will be followed by other states, the question of how strong a real estate mortgage is going to be has been raised in an unprecedented fashion. Up to now the lien on property has been considered inviolate and property has had loans placed upon...
J. Stewart Baker, who like his father Stephen became president of the bank at the early age of 34, has kept his venerable institution abreast of the times. In the boom days of 1929 the Bank of the Manhattan Co. surrounded itself with affiliates (International Acceptance Bank, New York Title...