Training Program Improves FHA Mortgage Risk Rating
Federal Housing Administration underwriting division director Rick M. Babcock reports that a formalized training program has strengthened the FHA mortgage risk-rating system. Analysis of last year’s exam papers from about 1,400 underwriters shows higher grades than the prior examination. The program began during the previous year and aims to unify instruction across the underwriting staff.
MENTIONED IN THIS ARTICLE
Federal House Administration
FHA
Fedrick M. Babcock
Babcock
Washington
FHA Outlook Bright for 1940 Guided by McDonald
The FHA faces 1940 with optimism as Stewart McDonald highlights six years of operation. He cites large gains in mortgage insurance activity, rising new home starts, and strong nonfarm dwelling construction financed with FHA insured loans. The program aims at low cost homes and a fully rounded mortgage insurance system.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Stewart McDonald
FHA
Congress
McDonald
Kelvinator
Mortgage Underwriting Reform Cited By Official
The Division sets strict hiring rules with general and special education standards and field experience. Applicants must pass a position specific exam to be considered for temporary status, then prove fitness through on the job work before permanent status. Mr. Babcock says professional standards will continue and improve as the system matures with experience and advances in mortgage underwriting science.
MENTIONED IN THIS ARTICLE
Babcock
Tar Heels Cooperate In Dairy Program
North Carolina towns and cities join dairy industry efforts to boost milk consumption during Dairy Month. Miss Isabelle Moseley, dairy marketing specialist, notes state production and consumption gains expected for 1940 while promoting window displays and posters to encourage daily milk use. Commissioner W Kerr Scott emphasizes dairy products as vital to health and state growth.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Isabelle Moseley
State Department of Agriculture
Miss Moseley
United States
Milk Industry Foundation
W. Kerr Scott
Moseley
Milk dieting claims spark debate on fattening myth
The text questions the idea milk fattening and argues milk can aid weight loss in reducing diets. It cites Hollywood stars and nutritionists noting milk supplies minerals with few calories. Additional items note Spain's tobacco market rise and Japanese doll price warnings before a boys festival.
Egypt weighs scrap metal to iron conversion plan
Egypt's government studies converting scrap metal into iron as a potential industry shift. Costa Rica imports exceed 1939 levels, signaling higher trade intake for the region.
MENTIONED IN THIS ARTICLE
Egypt
Costa Rica
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