Costly Credit Destroys Dream of Owning Home
Ginny and Riley Gibson, a young Alabama couple, struggle to buy their first house as mortgage access tightens. With $16,000 income and $4,000 down, they face eight percent rates and high down payments, ruling out FHA VA loans for a flood zone home and prompting lessons about Fannie Mae and discount points.
MENTIONED IN THIS ARTICLE
Montgomery
Alan
Ginny
Riley Gibson
Gibsons
Riley
Alabama Health Department
Alabama Journal
Savings and Loan Associations
Savings and Loan
Fannie Mae
Federal National Mortgage Co
Siberia
Baseball Melee Packs the Jail in Veracruz
About 200 baseball fans spent Wednesday night in jail after a riot at a Veracruz stadium when the home team lost. Several dozen were slightly injured but none hospitalized as fans hurled beer bottles, water balloons and seat cushions after the umpire halted the game and spectators flooded the field. police then arrested participants.
MENTIONED IN THIS ARTICLE
Veracruz
Mexico
Couple Invests Nest Egg With House Purchases
Westport Connecticut story follows David and Barbara Matlow buying a series of homes as an investment. Their first purchase at 32,000 later gained profit. mortgage rates rise to nine percent in some areas while they secure 7.5 percent. They upgrade homes for resale and move to Framingham Massachusetts, selling each property for profit. The piece notes Westport’s 28,000 residents, average income about 21,000, and high demand for housing.
MENTIONED IN THIS ARTICLE
Matlow
New York
Matlows
Barbara Matlow
New Haven
Southern
New England
Fram
Ingham
Mass
David
Marlow
Westport
No Replacement of Rogers Seen in U S State Dept Speculation
Washington reports say Secretary of State William P. Rogers shows no intention of leaving. Henry Kissinger's interest in heading the State Department grows amid Watergate, while Rogers denies rumors of a Supreme Court seat or a Moscow ambassadorship and reiterates two posts he would refuse.
MENTIONED IN THIS ARTICLE
Washington
Henry A. Kissinger
William P. Rogers
Kissinger
State Department
Nixon
Becomming
Rogers
Supreme Court
Soviet Union
Moscow Post
Charles W. Bray
Department
Watergate
U.S
United States
Also Mentioned on This Page
Associated Press
By Lynne Olson
U.S. Department of Labor
G Ralee
U. S. Dept. of Labor
Clouds Conpitonne Sales and Service
Rane
Sony. TV
Sony
Sonyo
Ray Stoneback
Bank Americard
By Jurate Kazickas
Wesport
Conn
Canada Dry Corp
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