FHA VA loan costs rise to 6 percent with insurance
The FHA and VA single family loan rates increased from 5 percent to 6 percent total, including 0.5 percent mortgage insurance. Multi family rates also rose from 5 to 6 percent, affecting urban renewal relocation elderly housing and nursing homes. Secretary Robert C. Weaver cited bank loan difficulties as the reason for the hike. The change is immediate, but four million existing loans are exempt.
MENTIONED IN THIS ARTICLE
Robert C. Weaver
Department of Housing and Urban Development
FHA
Wright Patman
D-Tex
House Banking Committee
Patman
Federal Reserve Board
Federal Bank
Miners Union Calls Strikers Back to Work
In Washington AP reports a back-to-work order sent to striking bituminous coal miners by top union officials. About 48,000 workers in seven states were ordered to return to duty while nonstriking workers should stay on the job as UMW and Bituminous Coal Operators Association officials met to negotiate a new contract.
MENTIONED IN THIS ARTICLE
Washington
United Mine Workers
Bituminous Coal Operators Association
West Virginia
Thomas Williams
George Titler
Beckley W.va
Pennsylvania
Joseph Yablonski
District 5
U.S. Steel Corps
Big Robena
Carmichaels Pa
C. E. Bean
District 30
Kentucky
W. A. Boyle
George Tittler
John Owens
Ohio
Illinois
Utah
Albania
Virginia
Boyle
Allen Supports City-Suburban District Plans
Education Commissioner James E. Allen endorses changing district status to allow consolidation with neighboring suburbs and supports fiscal independence for Big Six districts. He also backs mixed methods to improve education and favors busing as a potential aid.
MENTIONED IN THIS ARTICLE
Allen
James E. Allen
Albany
Dr. Allen
First B52 Raid on North Viet Nam Seen as Signal
The United States launched B52 bombers into North Viet Nam for the first time in the war, striking about 65 miles south of Vinh along the Mu Gai pass. Officials noted a temporary dip in South Viet Nam bombing missions due to ordnance distribution issues and Da Nang labor problems, amid reports of high bomb usage in February.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
U. S
North Viet Nam
Vinh
Mu Gai Pass
U.S
Air Force
Arthur S. Sylvester
Washington
da Nang
Sylvester
Defense Department
Upstate GOP Chiefs Endorse Rockefeller for Re election
Eleven northern New York Republican county chairmen pledged support for Gov. Nelson Rockefeller in his bid for re election. Assemblyman Donald A. Campbell announced the resolution praising Rockefeller as the only man with vision know how and administrative experience to lead New York. The document, approved in Glens Falls last Thursday and later concurred by absent chairs, signals a move to deter U. S. Senator Jacob Javits from challenging Rockefeller for the GOP gubernatorial nomination.
MENTIONED IN THIS ARTICLE
Albany
New York
Rockefeller
Upstate
U. S
Jacob K. Javits
Javits
Senate
Campbell
GOP
Fourth Judicial District
Glens Falls
Defiant Sea Fails to Halt Jersey Junked Cars
Long Beach Township attempted to curb beach erosion after 1962 storms by filling sea crevices with junked cars. The Atlantic Ocean overwhelmed the barrier, tearing apart the autos and leaving hundreds of rusted parts embedded in the sand.
MENTIONED IN THIS ARTICLE
Defiant Sea Rejects
Jersey
Long Beach
N.J
Atlantic Ocean
Long Beach Township
Barber’s profane pot raises funds for charity
Hartford barber Conrad Cormier notes more swearing this Lent. A 10 cent fine per word goes into a profanity pot that benefits Crippled Children’s Hospital, totaling $101 this year versus $79.95 last year. The Cassius Clay fight alone fetched $15.
MENTIONED IN THIS ARTICLE
Hartford
Conn
Conrad Cormier
Cormier
Crippled Children’s Hospital
Rochester man gets suspended term in $18 000 AEC theft
Charles S. Thompson of Rochester received a two year suspended prison sentence and two years probation after admitting he took nearly $18,000 in Atomic Energy Commission funds. He falsified cash vouchers while managing the University of Rochester AEC project from July 1961 to last November and was ordered to repay the amount.
MENTIONED IN THIS ARTICLE
Rochester
Charles S. Thompson
Atomic Energy Commission
Harold P. Burke
U.S. District Court
Thompson
University of Rochester
AEC
Johnson Plans Summer Jobs Push and Staffing News
President Johnson reviews reports at the LBJ ranch as he proposes creating a million summer jobs for youth. The White House notes a quiet morning while delegates prepare a Lincoln statue trip to Mexico City and a task force urges repeating last year’s youth opportunity campaign. Ruttenberg is nominated for assistant secretary of labor for manpower.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Johnson
Texas White House
LBJ
Viet Nam
Dean Rusk
Mexico City
Abraham Lincoln
Lincoln
Hubert H. Humphrey
Stanley H. Ruttenberg
Secretary of Labor
Labor Department
Ruttenberg Was
St. Paul, Minn
Cambodia Recognizes Hanoi Regime in Kabul Pact Context
Cambodia grants formal diplomatic recognition to North Viet Nam, raising tensions with the United States as Phnom Penh shifts toward the Communist bloc. Hanoi may post a full ambassador, while the move flags broader support for the Viet Cong in South Viet Nam amid Geneva accords debates. Meanwhile in Saigon, Thieu vows early elections as Buddhists threaten to withdraw support and press for civilian rule. The military congress debates power transfer and constitutional steps, with Ky present in civilian dress and a 48 162 member body guiding the regime.
MENTIONED IN THIS ARTICLE
Tokyo
UPI
Cambodia
North
Viet Nam
U. S
South Viet Nam
Norodom Sihanouk
United States
Washington
Hanoi
Ho Chi Minh
Hanoi Radio
Phnom Penh
Indo-China
Laos
Ngo Dinh Diem
Saigon
Nguyen van Thieu
Thieu
Unified Buddhist Church
1St Corps
da Nang
Hue
Nguyen Chan Thi
Blockade Leaks Eyed By British
LONDON AP Britain monitors two possible leaks in the Rhodesia oil blockade as ships near Beira Mozambique move or seek to unload. The Ioanna V shifts to unload 18 700 tons into a Rhodesia pipeline while the Manuela headed for Lourenco Marques is turned back and boarded under a UN resolution.
MENTIONED IN THIS ARTICLE
London
Britain
Rhodesia
Beira
Portuguese
Mozambique
Ioanna V
New York
U.N
U Thant
Lourenco Marques
U.N. Security Council
George Vardinoyannis
Lanna V
Estes Says Financiers Knew Deals Were Fake
Billie Sol Estes testified that finance companies knew mortgaged tank deals were fraudulent. He said everyone involved in his fertilizer tank schemes knew the tanks did not exist and that they were buying credit from multiple firms. Respondents Kuykendall Bates and Carmichael denied involvement and called Estes’ claims false or self-evidently impossible.
MENTIONED IN THIS ARTICLE
EL Paso
Tex
Billie Sol Estes
Boy Wonder
Estes
Lubbock
Roger L. Kuy
Also Mentioned on This Page
Federal Housing Administration
Veterans Administration
Miners Union
By Bob Fusco
State Education Dept
State Dept. of Health
North Colonie Central School
Philip N. Brownstein
Increse
Federal National Mortgage Association
Associattion
J. Stanley Baughman
Federal National Morgage Association
Upstate Gop
Rocky
Donald A. Campbell
Montgomery County
Republican Committee
Johnson Studies
Ton That Dinh
Nguyen Cao Ky
Thailand
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