Show BOARD STUDIES STUDIES' LOAN REQUESTS WASHINGTON Sept 8 P Open P-Open- Open Opening ing of the 12 home loan banks sun still isa is isa a month off but already the federal dir directing board is sc scanning nning thousands of applications for direct loans The volume of requests request from home homeowners owners was described today by Chairman Chairman Chairman Chair Chair- man Franklin W. W Fort as a deluge But he said all are receiving attention attention atten atten- tion and where the mortgage collateral collateral collat collat- eral appears sound the board is endeavoring en en- to arrange the desired refinancing refinancing re financing before the scheduled opening open open- ing mg of it its regional banks October 15 The procedure is to forward forward- such applications to lending organizations In n the various states They go to building and loan association clearing clearinghouses louses houses houses where these organizations cx cx- 1st st and the board Is encouraging their ere creation lion throughout the country When the regional banks open for businesS justness F Fort rt said those local f financing fi i mincing institutions institutions which have aided home owners in th the interim may pledge these home mortgages as as collateral collateral col- col lateral to obtain funds to replace those thus used Fort explained that since banks as asa asa asa a rule lend less on homes than buildIng building build- build ing ng and loan associations association their paper In n many cases should be more e easily financed |