Study of Mortgage Credit: Does the Decade 1961-70 Pose Problems in Private Housing and Mortage Markets which Require Federal Agencies .... 1961

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40. lappuse - Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority; except...
41. lappuse - States have original jurisdiction, may be removed by the defendant or the defendants, to the district court of the United States for the district and division embracing the place where such action is pending.
39. lappuse - ... first mortgage" means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
43. lappuse - States, and such guaranty shall be expressed on the face thereof ; and such bonds shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
212. lappuse - Commissioner finds that the property with respect to which the mortgage is executed is an acceptable risk, giving consideration to the need for providing adequate housing for families of low and moderate income particularly in suburban and outlying areas...
125. lappuse - (5) Bear interest (exclusive of premium charges for insurance) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time...
44. lappuse - ... be punished by a fine of not more than $5,000 or imprisonment for not more than twelve months, or by both such fine and imprisonment.
129. lappuse - ... which are deemed by the corporation to be of such quality, type, and class as to meet, generally, the purchase standards imposed by private institutional mortgage investors.
35. lappuse - Each applicant for such insurance shall also file with its application an agreement that during the period that the insurance is in force it will not make any loans beyond...
182. lappuse - A balance status for a fund exists when its insurance, reserves are equal to or greater than the estimated reserve requirements. When a balance status is attained, the fund has sufficient resources to meet such future insurance losses and expenses as might be incurred in the event that adverse economic conditions of approximately depression magnitude were to develop immediately. The comparative reserve position of a fimd is thus determined by changes in insurance reserves and reserve requirements.

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