FHA staff training cuts mortgage loss to near zero
Washington reports that the FHA attributes its ultra low loss ratio to the training of underwriting, architectural, and appraisal staff. Administrator Stewart McDonald notes careful adherence to appraisal principles keeps losses at about one ten-thousandth of a percent over three years of operation.
MENTIONED IN THIS ARTICLE
Washington, D. C
Ita
Federal Housing Administration
FHA
Mortages
Stewart McDonald
le Fha
Coordinated Underwriting Core to FHA Mortgage Insurance
The under writing division employs about 1700 personnel who rigorously assess each mortgage insurance application. A five person team weighs judgments to ensure accurate valuations, speeding processing while maintaining strict standards. This thorough approach has earned the trust of major lending institutions cooperating in the insured mortgage program.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
SCREEN PORCHES KEEP OUT FLIES MOSQUITOS GNATS, DISEASE
Screen porches may be fully screened to exclude house flies mosquitoes gnats and other insects which irritate and carry disease germs.
Record Volume Of FHA Mortgage Applications Rushes Through
Washington reports a record surge in home mortgage insurance applications while the Federal Housing Administration maintains rapid processing. Director Frederick M. Babcock says most offices issue commitments in six to eight days, with a 15 day maximum for complex cases. He notes 200 percent higher weekly volumes but promises no drop in underwriting quality.
MENTIONED IN THIS ARTICLE
Washington, D. C
Federal Housing Administration
Frederick M. Babcock
Mr. Babcock
France’s worst mine disaster in 1906 at Courriers
A historical note recalls France’s deadliest mine disaster in 1906, where 1099 miners perished in a catastrophic explosion at Courriers, marking a tragic chapter in industrial history.
MENTIONED IN THIS ARTICLE
France
Courriers
Underground railway opens at Piccadilly Circus
The Piccadilly Circus underground station in London officially opened on December 10 1928 marking a milestone in city transport.
MENTIONED IN THIS ARTICLE
Piccadilly Circus
London
Sweating floors fix advised with ventilation and sun
The article explains that cold concrete floors condense moisture from warm indoor air, causing sweating. Remedy focuses on well regulated ventilation and sunlight, suggesting open windows during fair weather and cooler outside, while closing during hot humid periods. It warns to consult a reliable builder for structural considerations when adding openings.
Confine Traffic to Major Street Policy Discussed
Washington studies show residential streets should serve locals while through streets carry traffic to reduce accidents noise and fumes. Land planning by the FHA highlights benefits like stabilized land values lower development costs and lighter pavement needs. Proper street design concentrates commerce at centers along arterial roads with adequate parking.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Washington
Framing Lumber Eliminates Noise in Walls
When concealing a plumbing stack or large soil pipe in a wall, use framing lumber 2 by 6 or 2 by 8 inches instead of 2 by 4s. This reduces pipe noise and adds interior wall space while permitting better ventilation to prevent wall dampness from condensation.
Building Paper Aid to Windproof Wall Construction
Building paper between sheathing and exterior siding creates windproof walls. Matched tight fitting sheathing further blocks air infiltration, and overlapping paper edges over this setup provide excellent protection against drafts.
African wild dogs use relay hunts to chase prey
African wild dogs take turns during hunts to tire and outpace the fastest game. The coordinated relays increase success as they corner and bring down animals efficiently.
Metal corner bead protects plaster edges
Installing metal corner beads over all exposed room corners before plastering guards edges from chipping or breaking when struck by broom handles furniture or other hard objects.
FHA Insures Loans Under National Housing Act
The Federal Housing Administration does not lend money directly. It insures loans made by private lenders under the National Housing Act, providing mortgage insurance rather than funding.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
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Tyson T. Ferree
WashinGton St
HiGh PoInt
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Guilford
Srick Hardware
Marietta
Hardware CO
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Trinidad Lake
Hedgecock Lumber
Ward Mt Phone
Rose “Owned
248 South Main
Kester Bros
North State Telephone Co
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