Word: mortgagee
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Dates: during 1930-1939
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WANTED In every community where capital credit is needed responsible people with banking experience and knowledge of credit to organize mortgage corporations.
But where shall the capital credit come from? That is engaging the attention of the government, Leans of this kind can be made through the Reconstruction Finance Corporation and the credit mechanisms about to be set up under plans for local mortgage companies.
Mortgage Front. Another farm grievance against Washington was on mortgage relief. Since March i the Farm Credit Administration had advanced $342,000,000 to Federal land banks, regional credit corporations, farm cooperatives. Yet last week Speaker Rainey roundly flayed F. C. A. for its slow progress on refinancing farm mortgages...
Home mortgage relief was no better off. The day after President Roosevelt signed the Home Owners' Loan Corp. Act last June, Louis McHenry Howe, his secretary, in a $900-for-15-minutes radio broadcast declared that the new agency would be in operation "in a week or ten days...
¶ Returning to Washington, Speaker Rainey flayed the Farm Credit Administration for not doing more to relieve the farm mortgage situation, charged that Republicans were still in charge of its policies. Said he: "Every key man in the old Republican organization has been retained. In the last election the whole...