Word: mortgagee
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Dates: during 1930-1939
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On July 22 President Hoover signed a bill near & dear to his heart, creating a Federal Home Loan Bank system. Under this act building & loan associations, co-operative banks, savings banks and insurance companies were to subscribe to the stock of twelve new regional banks at which they could discount...
Sept. 8?It is discovered that only eight states have laws permitting their mortgage institutions to become stock members of the Federal system.
Oct. 15?The books are closed, with disappointing results. The twelve regional banks technically open. Their lobbies are filled with job-seekers and home-owners looking for loans. The loan seekers are advised to go to private mortgage concerns for relief. Chairman Fort optimistically announces that every good mortgage in...
What the Equalization Fee was in 1927, the Export Debenture in 1929. Price Stabilization by the Farm Board in 1931, Voluntary Domestic Allotment is to become in 1933-the phrase-of-the-moment on farm relief. Unlike the Fee and the Debenture, it will probably become reality. Whether it will...
Frederic James Fuller, senior vice president of Central Hanover Bank & Trust Co., was elected president of New York Title & Mortgage Co., succeeding George T. Mortimer who resigned. Acquired by Manhattan Co. in 1930, New York Title will again function as an independent organization under a plan announced in October by...