Mortgage Prices Decline in FNMA Auction
Federal National Mortgage Association reports a $145 million offering for the auction period ending October 15 1969 at 10 00 am. Total offers this week reach $247 million down from $257 million last week with 461 bids versus 486 prior. Six month price slips from 93.09 to 92.73 while 90 day drops from 93.09 to 92.7. Construction commitment falls from 94.70 to 94.36.
MENTIONED IN THIS ARTICLE
Federal National Mortgage Association
FNMA
Raymond H. Lapin
Second Las Vegas Biltmore built in 1942 and Best Western planned
The text notes that the Nevada Biltmore at Main Street and Bonanza was completed in June 1942 as the second resort hotel in Las Vegas. Brooks owns substantial Strip property and will open a new plush motel, the fifth Best Western in Las Vegas, scheduled for June 1970.
MENTIONED IN THIS ARTICLE
Las Vegas
Nevada Biltmore
Main Street
Bonanza
Brooks
Nevada Savings Income Up In First Nine Months
Nevada Savings and Loan Association reports third quarter net income of 158970 and nine month total of 611678, with earnings per share 18.2 cents and 69.9 cents respectively. Building ventures earned 47774 in Q3 and 186504 nine months, driven by Stonehaven Sun Homes and Valparaiso closings. President Sherman Miller notes high interest rates caused a 5 million loss in savings capital in nine months and future results depend on rate policy.
MENTIONED IN THIS ARTICLE
Nevada Savings and Loan Association
Nevada Savings
Stonehaven
Sun Homes
Valparaiso
Vada Savings and Loan
Cost of Hire in Interest Rate Costs for Mortgage Change
The U S Department of Housing and Urban Development compares 1 percent versus 7 percent mortgage rates. A 20-year $20,000 loan costs $2,976 more, while a 30-year $25,000 loan costs $6,210 more. Principal and interest rise about 62 cents monthly per $1,000 over 30 years.
MENTIONED IN THIS ARTICLE
U.S. Department of Housing and Urban Development
HUD Publishes Interest Free Planning Loans Pamphlet
A new HUD pamphlet Advances for Public Works Planning explains interest free loans to cover design costs. Free single copies available from the Community Relations Division Office of Public Affairs HUD Washington DC 20410.
MENTIONED IN THIS ARTICLE
U.S. Department of Housing and Urban Development
Office of Public Affairs
HUD
Washington, D.C
Construction Programs Hit 3.5 Billion in 1968 U.S. Dept
The 1968 construction programs of the U S Department involve about 4 300 prime contracts 4500 subcontracts and roughly 3 5 billion worth of construction activity across multiple projects and agencies.
MENTIONED IN THIS ARTICLE
U.S. Department of Housing and Urban Development
Also Mentioned on This Page
Fireside Inn
Bob Miller
Tonopah Highway
Miller
Denny's
Francisco Park
ED Halliday
SUN Foto
Best Western
Convention Center Drive
Hyatt Lodge
Nevada
Sherman Miller
Deal Direct
Skyway Mortgage and
East
Carson
Nev
Goldn Crest
Eve Tures
Golden Crest
Vinny
Joupes Vorest
Wyoming
Nellis
Lamb
Balanced Power Homes
Sahara
Vegas Valley
TS Own
Kingston
Toiyabe
America
Kingston Lakes
Nevada Fish and Game Commission
Kingston Creek
Canyo
Big Smoky Valley
Kingston Village
Kingston Lodge
Austin
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