Salt Lake Telegram | 1932-06-04 | Page 7 | Loans in Excess of Retired Mortgages

Loans in Excess of Retired Mortgages Mortgage'S Salt Lake county In May for the second consecutive month showed half again as much money available and ind actually loaned on real estate estates as s the total of mortgages retired This was vas considered n D good factor in the thereal thereal real eal estate situation as it indicated a loosening of credit for those need needing ins loans In this territory County records as tabulated by Werner Verner Kiepe secretary of the Salt Lake ake Real Estate board bord showed loans made in May totaling as compared to mortgages retired totaling These figures were sImilar to those of April when both loans and retirements were sll slightly higher the loans totaling and the he retirements This continued returning of money for or home financing was emphasized b by y Mr KIepe who pointed out that In u the past four years ears the average mount amount of money for loans totaled only about monthly Prior Prioro to o April this year the mortgage retirements re- re had been greater grenter than the amount available for home financing