Credit Terms on Sales of Homes Tightened by President
President Truman ordered tighter government housing credit terms to curb inflation and save materials for national defense. FHA down payments rise 25 percent to 25 percent cash, VA guarantees face 5 percent cash requirements, affecting buyers, builders, and public housing programs. Private lenders expected to tighten as well. officials say private mortgages typically stay at 60 percent of appraised value. Government agencies are bound by the order, with broader effects on the housing boom and material allocation for defense efforts.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Veterans Administration
Truman
Kidnaper Day Recaptured in Arizona
The FBI reports Elbert Wilburn Day, 26, recaptured in Yuma after escaping Bonham Texas jail on May 2 1949. Day, a parole violator, had been released Jan 18 1949 after nearly four years for involvement in the killing of Amarillo officer Lem Savage.
MENTIONED IN THIS ARTICLE
Yuma
Ariz
FBI
Elbert Wilburn Day
Bonham, Tex
Day
Lem Savage
Amarillo
Elbert Day
Myron
Eddie” Thompson
Alcatraz
San Quentin
New Mexico
Savage
Thompson
Bonham
Virgil Dorn's widow becomes sheriff in Ivanhoe
In Ivanhoe Minnesota Mrs Virgil Dorn, mother of three, succeeds her husband as sheriff after his death. Her first act is naming Erwin Johnson as full time deputy to manage rough work and carry the former sheriff's gun.
MENTIONED IN THIS ARTICLE
Ivanhoe
Minn
Virgil Dorn
Erwin Johnson
Husband Draws a Line on Making Beds Study Says
A study by a member of Britain's Royal Sanitary Institute Congress finds husbands may wash dishes but resist bed making. The report highlights differing domestic chores and gender roles within households.
MENTIONED IN THIS ARTICLE
Britain
Royal Sanitary Institute Congress
Glamorgan School Boys Learn Darning and Sewing Skills
In Glamorgan Wales boys at a local school are learning practical crafts as part of a program to teach darning and sewing. The effort aims to build useful skills and foster self sufficiency among students.
MENTIONED IN THIS ARTICLE
Glamorgan
Wales
Also Mentioned on This Page
Pao
Ik Sete
Ibiries
Yugoslavia
Globe-News
New York
Marguerite Higgins
New York Herald Tribune
Korea
MacArthur
Walton H. Walker
Hicks Harvey
the Supreme Court
OF Texas
Cass County
Texas
Law School
University of Texas
Supreme Court
Beauford Jester
America’s Finest
Bond
Phnsone
West
Peerless Cleaners
Gunn Brothers
Geo. Nichols
Potter County
Galloway
Po Ana
U.S
Diamond Watches
Dorothy Day
Zale's
C.O.D
Price
Polk
Allan Shivers
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