Government's Fannie Mae Out of Funds
Washington outlines how banks rely on FHA and VA insured or guaranteed loans to support home buying. The piece explains federal backing keeps lenders solvent and promotes property construction, noting the role of Congress in arming FHA and VA with loan guarantees.
MENTIONED IN THIS ARTICLE
Jame Marlow Washington
Fannie Mae
Jones
FHA
Federal Housing Administration
Veterans Administration
PHA
Congress
Fannie Mae buys mortgages to keep banks lending
The 1948 plan let Fannie Mae buy FHA insured or VA guaranteed mortgages from banks. It pays cash to banks, then takes over the mortgages, freeing funds for more loans. By Feb 1949 it held over 278000 mortgages totaling more than 2.2 billion. Congress may approve more funds. FHA loaning has slowed.
MENTIONED IN THIS ARTICLE
Congress
Federal National Mortgage Association
Fannie Mae
Jones
Government
FHA
Woman Collects 450 Rare Pipes as Hobby in Santa Ana
Mrs. Frieda L. Clayton, a pipe shop operator, has spent 30 years gathering more than 450 rare pipes including opium, water, carved briar, and meerschaum pieces. The collection features rosewood, walrus tusk, glass, and gold inlays, with pieces tied to an Indian chief and a 200 year old meerschaum. She does not smoke them.
MENTIONED IN THIS ARTICLE
Santa Ana
Cal
Frieda L. Clayton
Film exposes on college football due
Hollywood producer Buddy Adler plans a Columbia film titled The Hero to expose how the college football machine operates, contrasting with typical football films. Filming in four weeks may use a girls’ school for locations, with concerns about college permissions. Adler also runs eleven theaters and notes Westerns decline due to television. Roy Rogers and Gene Autry figures are referenced amid TV rights talk. desert resorts and Lake Eyre revival are mentioned as backdrop, with a parade of stars at the Academy Awards.
MENTIONED IN THIS ARTICLE
Adler
Jimmy Stewart
Roy Rogers
Roy
Herbert Yates
Republic
Gene Autry
Gene
Shadow Mountain Club
Palm Desert
Edgar Bergen
Dan Dailey
Bob Hope
Joan Crawford
Lily Pons
Dennis Morgan
Rosalind Russell
Also Mentioned on This Page
St. Less Joseph
Netscane
All In
Bahamas
Newport
Europe
Tyler
Local Finance & Insurance CO
Bob Thomas
Hollywood
Buddy Adler
Columbia
Footall
Lake
Eyre
Great
South Australian
Adelaide
Reader's Digest
Anahist
Phcrst
New Miracle
Anahist Co., Inc
Yonkers 2
N, Y
Robert S. O’brien
High Point Lane
Scarsdale
N. Y
Judith
Mr. O’brien
W. K. Seay
R.F.D
Glen Allen
Mrs. Seay
Toms
Euclid Ave
San Diego
Mr. Toms
America
S&h
Doz
Minute Maid Frozen
Globe News
Nash Ambassador
Nash
Jefferson
Grand Canyon
Nash Statesman
Nash Motors
Nash-Keleviator Corporation
Detroit, Mich
Vas
Borger Nash, Inc
Clark & Easley
Nash Hudgens
Nash CO
Fields
Amarillo
Dumas Ave
E. 5Th St
N. Main St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!