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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 07, 1979
Page
11
Des Moines Senator Cloyd Robinson announced he will no longer oppose charging points on home mortgage loans. He previously led a meanwhile effort to ban points and higher interest rates in exchange for other protections. A bill to restore points was set for debate later today.
Senator Robinson backs up front mortgage charges arguing points are needed to unlock the secondary market and boost home loan money. He cites industry spokesmen from Perpetual Savings and Loan and Cedar Rapids and 1st National Bank of Marion as urging the change. He previously opposed lowering revolving credit rates, noting conditions from 1974 no longer apply, and suggested possible amendments to restrict loan sales timing.
Iowa Conservation Commission weighs a compromise to convert 2244 acres in Jones County to a scenic preserve as part of the Indian Bluffs wilderness. A preserves board concept may replace a land use policy, with 27 landowners to be consulted before articles of dedication are reviewed for Gov. Ray's signature.
The Iowa Conservation Commission will hold a public hearing at 9 a.m. April 11 in Wallace State Office Building facilities to discuss sharing proceeds from the $3 wildlife habitat stamp with county boards and local agencies. No more than half of total stamp revenue may go to county boards, with an expected allocation around $250 000.
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