Word: mortgagees
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Dates: during 1930-1939
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Last week the New York World-Telegram's energetic Ray Tucker sought out Idaho's Senator Borah at Boise, asked him his solution of this enormous problem. The Borah remedy: Let insurance companies and other large holders of the land banks' mortgage bonds voluntarily scale down farm indebtedness to a...
"Most of this debt rests upon private contract. The Government cannot reach the problem by legislation. The initiative must come from the great insurance and mortgage companies. It may not seem ideal but such things are done with corporate indebtedness. This situation is so serious and the future of the...
Heads of the great insurance companies ignored the Borah proposals, muttered they were not in business for philanthropy. But the problem will emerge for discussion Oct.11 when the Mortgage Bankers Association meets at Niagara Falls and Deane W. Trick of Bankers Life Co. of Des Moines speaks on "The Unwilling...
1) Federal credits to private loan institutions only on condition they help the debt-ridden farmer prevent foreclosure on his mortgage.
In 1926 was created the New York State Housing Board, chairmanned by Brooklyn's Darwin Rush James. Under its control private corporations were set up to: i) Build model apartments renting for $11 per room per month ($12.50 in congested Manhattan); 2) borrow 663% of their cost on mortgage...