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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Sep 22, 1973
Page
8
The Washington report notes Ed Eshleman discusses two solutions to the home loan shortage. Short term requires local banks to cooperate with realtors, even at higher rates, to keep mortgage lending alive. Long term calls for Federal Reserve loosening money supply and reducing government competition for investment dollars to free private funds for mortgages.
The USDA announced adoption of standards and procedures to ensure genetic purity and identity of certified seed under the Federal Seed Act. Effective November 1, the rules require uniform labeling, eligibility criteria, isolation, records, and interagency certification for interstate shipments.
The remark calls for ensuring lenders who fund home loans can obtain the investments required to continue offering mortgage credit. It emphasizes support for financial institutions financing housing.
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