Word: mortgagee
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Dates: during 1930-1939
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?Last week the Caraway home, a Colonial building valued at $40.000. in the Washington suburb of Riverdale. Md., was placed on auction to satisfy a $22,500 mortgage.
In Wall Street, where he works hard for the $141,028,000-in-assets Manhattan Co. group of concerns (Bank of Manhattan Trust, International Acceptance Banks. New York Title & Mortgage and others), young Mr. Warburg is the junior member of another "team." Its senior member is John Stewart Baker, 38...
Usually a willing autographer is Yale's Professor William Lyon Phelps. But when recently the New Haven Clearing House, raising $500,000 to help New Haven's Broadway Bank & Trust Co., asked him as a director for his personal note, he politely refused, resigned from the board. So did Director...
Mortgage Discount. "I recommend the establishment of a system of home-loan discount banks as the necessary companion of the Federal Reserve Banks and our Federal Land Banks." (TIME, Nov. 23.)
Main purpose of the corporation would be to create second mortgages rather than to maintain their liquidity, which will be the function, for prime first mortgages. of the President's Home Loan Discount Bank system. Homes costing $15,000 or less would be favored. If the corporation gets started...