OCR Text |
Show Pacific Mutual Life Notes Increase in Mortgage Investments First quarter new mortgage in-I in-I vestments 'in Metropolitan Salt Lake City by Pacific Mutual Life Insurance rose eight per cent over the same period in 1958, it was reported by B. Saunders Brooks, the company's mortgage loan district manager here. Brooks, whose offices are in the Executive Building, said that 1 Pacific Mutual loan placements in the area have reached $518,-000 $518,-000 during the initial three months of 1959. Total of the company's mortgage mort-gage investments here are now in excess of $6,500,000 18 per cent more than at the same time in 1958. . Of Pacific Mutual's $279,763,-000 $279,763,-000 in mortgage loans invested nationally, approximately 67 per cent is in homes, 15 per cent in apartments, 7 per cent in retail business properties and 4 per cent in industrial properties. |