Fannie Mae's role in helping Jones buy a house
Congress created Fannie Mae in 1948 to buy FHA insured or VA guaranteed mortgages from banks. By February 1949 it had taken over over 278000 mortgages totaling over 2.2 billion dollars. The program frees banks to issue more loans while Congress may need to approve more funds. FHA loan guarantees have slowed as Congress withholds insurance pending funds.
MENTIONED IN THIS ARTICLE
Fannie
Jones
Congress
Federal National Mortage Association
Fannie Mae
Government
Jones’ Mortage
FHA
Jury Would Have Him Serve 40 Years
Detroit jurors convict William B. Mabrey of kidnapping 7 year old Karen Kuechenmeister last November 15. Nine women and three men recommended a 36 to 40 year term after the verdict. Judge Gillis said the recommendation was an experiment with no effect on his April 6 sentence. Michigan allows a life term for kidnapping.
MENTIONED IN THIS ARTICLE
Detroit
William B. Mabrey
Karen Kuechenmeister
Recorder
Joseph A. Gillis
Michigan
Apple Scab Costs Growers Millions
Delaware and Illinois saw the earliest apple scab dates on record. The disease costs U S apple growers millions annually. Delaware and Illinois universities researchers alerted the Agriculture Department as leaf blotches appeared, risking blossoms and fruit unless sprayed. A mild winter and warm January blamed for the record outbreak.
MENTIONED IN THIS ARTICLE
Washington
Delaware
Illinois
U. S
Department of Agriculture
Brucetown Social Notes Include Church Meeting Attends
Mrs Bye Swimely and Mrs Martin Adams attended a meeting of the Womens Society of Christian Service at Braddock Street Methodist Church in Winchester. Mr and Mrs George Beltz Jr returned from Fredericksburg after visiting Dr and Mrs W W Butzner Jr.
MENTIONED IN THIS ARTICLE
W. Va
Julian Snapp
Jessupp, Md
Front Royal Man Fined for Drunkenness and Concealed Weapon
John E. Manuel of Front Royal was arrested at Patton's Dance Hall on a drunkenness charge and found to be carrying a concealed .25 caliber automatic. He received a $55 fine plus costs and a 60 day suspended jail sentence.
MENTIONED IN THIS ARTICLE
John E. Manuel
Front Royal
Patton’s
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