Two Teens Turned Partners Build Grandys Empire
Walter E. Johnson and Rex Sanders rose from teen busboys in Dallas to heads of Grandy's Inc. They sold their 63-unit chain to Saga Corp for about 30 million dollars each and planned to share wealth, stay in Dallas area, and pursue charitable efforts. They built the business from a barbecue venture in 1963 to a nationwide restaurant chain.
MENTIONED IN THIS ARTICLE
Dallas
Walter E. Johnson
Rex Sanders
Grandy's Inc
Saga Corp
Saga
Johnson
Sanders
Padre Island
Gulf of Mexico
Nassau
Grandy’s
Lewisville
Menlo Park
Calif
Grandy's
Rex
Texas
Marine Corps
California
South Side
State Fairgrounds
Los Angeles
Hast
Granny's
Oklahoma
Florida
Johnson-Sanders
Beware of hidden mortgage charges HUD warns
HUD warns that lenders often add charges beyond loan fees such as title insurance and escrow, potentially raising total costs by over six percent. The 1969 Truth in Lending Act and 1974 RESPA require disclosures, but many consumers remain poorly informed and charges inflated.
MENTIONED IN THIS ARTICLE
Department of Housing and Urban Development
HUD
Thcor Title Insurance
Winston Morrow
Title Company
Thor
Title Companies
Morrow
Elinor Lawrence
CMC Services
Pasadena
Calif
New York
California
Federal Savings
Mike Cichon
Great Western Savings
Michael Deutsch
Crowe
Donna Herpick
San Diego
Week Ahead May Trim Yardsticks For Economy
A busy schedule outlines federal reports due midweek and late week on trade, housing, labor, and money supply. Also listed are stock and bond offerings planned for the coming week across multiple states and sectors, with numerous issuers including Alaska, Florida, California, and Illinois.
MENTIONED IN THIS ARTICLE
Commerce Department
Federal Home Loan Bank Board
Savings and Loan Association
Labor Department
Department of Agriculture
Federal Reserve Board
New York
Alaska
Salomon Bros
Florida
State Board of Education
Massachusetts Bay Transportation Authority
Appalachian Power Co
Texas Power & Light Co
Federal Home Loan Me Corp
Money rates overview from Friday across institutions
National rates show a prime rate of 11 percent and a discount rate at 8.44 percent. Broker call loan range 10.37 to 10.50 percent. Federal funds highs at 9.44 and lows at 9.00 with last price at 9. Dealers’ commercial paper ranges 9.10 to 9.42 for 30 to 180 days.
MENTIONED IN THIS ARTICLE
Federal
Finance Company
Bankers
Treasury
Merrill Lynch
Telerate Systems Inc
Also Mentioned on This Page
By Sydney Rubin
Host International
AP Photo Restaurant
Walter Johnson
By S.J. Diamond
David Crowe
Shearson-American Express Mortgage Corp
Cedar Valley
Society of Real Estate Appraisers
Quad Cities
Ironmen Inn
Iowa City
H. Grady Stebbins, Jr
International Society of Real Estate Appraisers
Bond Calendar
Federal Home Loan
Mtg Corp
Mtg
Alaska Airlines
Allegheny Co
Alpha Micro Systems
Rothchild Unterberg Towbin
Beverly Hills
S & L Assoc
Shearson-American Express
Duval Co
Empire Air
Rothchild Unterberg
Towbin Energy Factors Inc
Towbin Energy Factor
First Amarillo Bancorp
First Union Real Estate
Indiana
Salomon Bros Jackson
Fla
Electric Authority
Mr. Gasket
Prudential-Bache
New Jersey
Fin
Parlex Corp
Protocol Computer
Reliance Consulting
Robert Cy Brown
Dean Witter Reynolds
Southern Minnesota Municipal Power Agency
Salomon Bros Summit Health Ltd
Shearson- American Express
Drexel-Burnham
Universal Furniture
Valid Logic
Chickil-A
Chickfil-A, Inc
Chickfil
Huie H. Woods
Chick-Fil-A, Inc
Buffington
Atlanta
Georgia