FHA Officials Probe Fraud in Insured Housing Schemes
A housing official warned of laxity within the FHA after examining cases where promoters secured FHA insured mortgages well above property values and then collapsed corporations to take windfalls. He suggested possible criminal charges if collusion or gross negligence is proven, while noting many cases show systemic weaknesses. He also cited roaming sales teams exploiting Title I programs to pressure homeowners into costly repairs.
MENTIONED IN THIS ARTICLE
FHA
Cole
U.S. FHA probe unfolds as officials face dismissal
Washington April 12 government launches wholesale probe into alleged FHA home owner frauds. Housing Administrator Albert Cole forecasts dismissal of numerous FHA officials. FHA Commissioner Guy Hollyday resigns. Eisenhower orders seizure and freezing of FHA files for FBI inquiry. Cole withdraws resignation acceptance of Clyde Powell and vows broad scrutiny of 14 senior FHA officials. He cites irregularities in home modernization and repair, and abuses in Title 608 middle income rental program. Promoters in inflated project costs may have netted over 75 million dollars. government may shoulder much of that. Cole notes some actions predated 1950 and Hollyday could not be involved in earlier years. Deputy William F. McKenna to lead inquiry. FBI handling criminal action. agency to review structure and regulations.
MENTIONED IN THIS ARTICLE
Washington
Albert 3
Cole
Federal Housing Administration
FHA
Guy T. C. Hollyday
Eisenhower
Federal Bureau of Investigation
Hollyday
Housing and Home Finance Agency
Clyde L. Powell
Powell
St. Louis
Title Guarantee Co
Baltimore
Hisenhower
Johns Hopkins University
William F. McKenna
Los Angeles
Lester Condon
House Committee On Government Operations
McKenna
FBI
Ten Point Program For Seat In House
Atty Gen. Brownell presented a ten point plan to a House Judiciary subcommittee aimed at combating the Communist movement described as the advance guard of Russia. He argued tightening laws and new measures could form a comprehensive program to destroy the Communist menace, potentially more effective than outlawing the party. He noted the party could migrate underground, complicating FBI surveillance, and warned constitutional questions could arise from such legislation.
MENTIONED IN THIS ARTICLE
Washington
Brownell
House
Russia
Rep
Graham
R-Pa
Vitya
FBI
Legislative proposals to curb Communist influence in unions and industry
Brawnell urged changes to the Internal Security Act requiring registration of Communist dominated unions and front organizations. He proposed employer dismissal rights for defense workers with unsafe sympathies, updated sabotage laws covering modern war materials, and extended emergency powers from three to five years or more.
MENTIONED IN THIS ARTICLE
Brawnell
Fragmentary legal note about prosecutions and espionage rules
The text discusses prosecutions and penalties in criminal cases, mentions peacetime espionage and wiretap evidence in national security cases, plus commentary on interior materials like plaster walls and fabrics. It reads as rough, disjointed fragments rather than a coherent article.
Farm and Real Estate Auction Notes in Frederick Area
Listings describe multiple properties for sale including a 117 acre dairy or stock farm with a 7 room main house and 32 acres of grain, priced around 16000, plus a 1500 West Tilt St multifamily brick house, a 40 cow dairy farm three miles from Frederick, and various farms and homes along Good Rd and Taneytown. Also advertised are used cars from Hillside Motor Co Inc including Studebaker, Ford, and Chevrolet models with prices and features. Sold by Keefer M Koogle and Hillside Motor Co. Inc.
MENTIONED IN THIS ARTICLE
Taneytown
Eimonntsburg
Lancaster
Sulu An
East 3Rd St
N. Market St
Circle Drive
Washinston Market
Frederick
Fredenck
S. Market St
Black West
Ruhland
Boyer Realtor
Darge
B. Buns
West Second Sr
Fred Ideal Garage CO
Nash Amb
Plymouth Cranbrook
Studebaker
Nash Rambler
Nash
Hydra. R
Henry J
Lawson Motor Sales
N. Market St. Ph. Mo
Also Mentioned on This Page
U.S
Fred W. Sheip
M. Janrey
Gaithersburg, Md
Fastreth
Noah E. Cramer
Woah HB. Cramer & Son
North Court Street
Frederick, Maryland
People's Finance CO
N. Gaurt St
Sational Hasibow
Eruse Nurseries
Dent
Bloomington
Illinois
St.joseph
Aswo
Sheffield
East Patrick Street
Measell’s
Paul Francis
Charles Davis Sheffield
Maryland
U. 5
New Times
Ing
West South ST
S. Market Street
Janney
P. O. Box
Sykesville
P.L. Hargett&Co
South Market St
P.L. Hargett &Co
FIRST
Sabres
Kinsey’s Sharpening Service
E. Patrick St
Wilson Place
Universal Insulation CO
Edward 8. Mobley, JR
Gallon Rheem
RHEEM
Wsraun
Hitselberger Plumbing & Heating
Magnolia Avenue
Monument
Motter Avenues
APT
Pyrofax Gas Corporation
D. W. Whitshead
Frederick Bottled Gas CO
Jamesway
Willauer
Maryland Chick Hatchery, Inc
Thomas Canning Co
Austin Younkins
P. B. Roop
Romp & Son
New Windsor
Keefer M Koogle
Market St
Trail Ave
Bath
Towner
Macadam Road
Ally Yours
Keefer M. Koogle
West Tilt St
William C. Hann
Sity
William C. Bann
Ralph W Over. Stoxer
Russell Z. Horman
Nouse
Nana Warn
SAFO
Snsice
Igke
Fred
W. Second St. Russell
Horman Adamstown
Buckerstown
John L. Beall
Ralph W. Boyer
Washington St
Catoctin Ave
College Avenue
5Th St
Savage
Fairview Ave
Linden Hills
Ralph W Boyer
Court St
Hillside Motor Co., Inc
Hillside Motor CO. Inc
Patrick Street
Oldsmobile
Ext
Murray C. Bohn
Union Bridge
Quiek Pass
Libertytown
Leonardo
Sherman
Ts Main St
Leonard E. Sherman
Mi. Airy, Md
Grand View
Frederick Valley
Ikarn Poss. Avick
Braddock Heights
Emmert R. Bowlus
West Church St
Dial
RL. Kelly
H. M. Alexander
E. D. Farnsworth
G. H. Mercer & Sons
Hosenont Ave
W. 12Th
Culler
St Rice
Grayson H. Mercer & Sons
Pythian Castle
Salesman E P Magaha
Willys Jeep
Monocacy Motors
M. Jefferson St
ZENTZ
Zal
Ald
Fred’k
Ani
Fredk-Balito
Union Owned
Toneetowne Me
Valley Realty Agency
Franie
Luther Knowles
Elm Street
Franklin D. Miller
Buick
Pontiac
Hudson
the Ideal Garage Co., Inc
KEY Chev. Sales, Inc
Reeds Garage
Mercury
Climitizer
Comdr
C. D
Stude
D. C
Dodge
Big
Reed's
Middletown
KEY
Chevrolet Sales, Inc
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