Local lenders see Reagan housing plans aiding market
Cedar Rapids lenders view President Reagan's housing proposals as potentially helpful, focusing on easing FHA eligibility and expanding mortgage revenue bonds to aid up to 50,000 buyers. Bank presidents caution high interest rates and tax-exemption bonds raise questions, while builders warn of job insecurity reducing buyer willingness.
MENTIONED IN THIS ARTICLE
Vanessa Shelton
Kurt Rogahn
Reagan
Morris
Boxa
Lawmakers debate saving and loan industry relief
Leaders Holden Delahery Schroeder call for action as S and L associations face mounting losses. Delahery warns regulators and lobbyists may overreact while Schroeder urges a united industry response. The core issue is limits on how S and L funds are used and whether expanded investment options could help, with doubts about rapid relief.
MENTIONED IN THIS ARTICLE
L’s
Holden
Sen
Pat Delahery
D-Davenport
Vern Schroeder
R-Mcclelland
House Commerce Committee
Delahery
Schroeder
Senate
Oscars wrap up 54th ceremony with festive mood
The 54th Academy Awards featured Barbara Stanwyck honored by John Travolta for a lifetime career, Jane Fonda receiving big applause as a nominee, and a rain soaked gala at the Los Angeles Music Center. Emcee Johnny Carson teased Cagney and Astaire.
MENTIONED IN THIS ARTICLE
Robert Redford
Gielgud
Beckett
Mephisto
Nazi
Germany
Arthur
John Travolta
Barbara Stanwyck
Los Angeles Music Center
Jane Fonda
Henry Fonda
Reagan Signals Cautious Stance on Housing Aid Bill
The report notes a drop in the median price to 66500 with 26000 new houses sold last month. January sales were revised to 381000 units annually, above 353000 originally reported, continuing a recent record low rate. Reagan opposed budget-busting bailouts and urged Congress to craft a budget with Dole urging a breakthrough.
MENTIONED IN THIS ARTICLE
Reagan
Robert Dole
R-Kan
Finance Committee
Congress
Dole
Housing plan aims to expand home loans via pension funds
The president’s five part plan, needing no congressional approval, includes easing Mortgage Revenue Bond regulations to fund 50 000 more homes, relaxing ERISA rules to boost pension fund mortgage money, FHA rule revisions for first time buyers on condos, allowing relatives to help with down payments, loosening real estate related limits and speeding FHA loan processing amid a February drop in new construction.
MENTIONED IN THIS ARTICLE
Cedar Rapids-Marion
Gilbert “Gib” Boxa Jr
Greater
Boxa
Morris
Perpetual
Haines
Federal Housing Administration
F.W. Dodge
McGraw-Hill Information Systems Company
Dodge
Man Dies After One-Vehicle Truck Crash In Sioux City
Sioux City police report 19 year old Donald Ray Stewart died from injuries after a single vehicle crash on the north side. The truck failed to make a turn and overturned into a ditch around 9 15 a m Monday. Stewart was transported to a local hospital where he died.
MENTIONED IN THIS ARTICLE
Sioux City
UPI
Donald Ray Stewart
Stewart
Tragic Train Explosion Halts Capitole to Toulouse
An explosion derailed a Capitole train near Limoges trapping passengers. Over 200 emergency workers freed victims after nearly five hours. Five people died including two women and a child. Twenty seven injured were hospitalized. four in serious condition. Unharmed passengers continued to Toulouse.
MENTIONED IN THIS ARTICLE
Limoges
Limoge
Capitole
Toulouse
Also Mentioned on This Page
The
Cedar Rapids
Phil Morris
First National Bank of Iowa
First National Bank of
Marion
FHA
Hal Haines
Perpetual Savings and Loan Association
General Assembly
Savings and Loan Associations
Johnny Carson
James Cagney
Fred Astaire
Fonda
ABC
Bel-Air
Jane
Dshire Farm
Polska
Kielbasa
Riewess and
Ip Hillshire Farm
Polska Kielbasa
Hillshire Farm
New London
Daniels Park Foods
Oakland Rd
Jon
Ground Beef
Wieners
Wisconsin
Agar
Idaho
Russet
Pabst
Hamm's
Old Marion RD
MT. Vernon RD
1St Ave
Iowa City
Nelson’s
Nelson's
Danish Maid Bakery
Cen Fan
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