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- Title
SURVEY OF FEDERAL LEGISLATION AFFECTING PRIVATE HOME FINANCING SINCE 1932.
- Authors
WALLACE, E. S.
- Abstract
The article focuses on a survey of the laws and legislation related to private home financing, issued since 1932 in the U.S., conducted by the federal government to analyze the defects in the credit system. The survey focused on some basic defects like instability of real estate values, system of second and third mortgages, inefficient methods of appraising property value, the isolation of leading lending agencies from the capital market and the use of short-term funds of financial institutions with demand obligations for loans on real estate mortgages. It examines the laws including Federal Home Loan Bank Act, approved in July 1932; Home Owens' Loan Act, approved in June 1933 and National Housing Act, approved in June 1934.
- Subjects
UNITED States; HOUSING finance laws; MORTGAGE loans; VALUATION of real property; CAPITAL market; FINANCIAL institutions; REAL obligations; FEDERAL home loan banks; HOMEOWNERS
- Publication
Law & Contemporary Problems, 1938, Vol 5, Issue 4, p481
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189715