Show FOWLES PLANS CAPITAL VISIT New Home Loan Manager Leaves Wed Wednesday l for for Conference J. J Francis Fowles president of the state stale senate and Ut Utah h manager for tor forthe the home loan corporation will leave for tor D. D C. C Wednesday night to con confer r with wilh administrators of the home loan program Mr Fowl Fowles s he hopes to lo return in a week so that Utah's home loan program may be set in motion molion within a fortnight providing relief for destitute des des- home owners who have been faced with the possibility of losing their property properly through mortgage fore lore closure Under the terms of the home loan program the government takes over 80 per cent of the amount of a mortgage mort morl- gage where a property owner Is in danger of losing the property because he is unable to pay the principal interest interest interest in in- terest or taxes The government gives the mortgage holder 80 per cent of the principal in federal bonds bearing interest of 5 per cent which the government guar guar- The government does not guarantee the principal however which is secured by the property With Wilh this federal relief relie for home homeowners homeowners homeowners owners in the offing and with a 90 day voluntary moratorium on mortgages mortgages mortgages mort mort- gages declared by leading mortgage holders in the state stale it is expected the problems of destitute property properly owners will be solved definitely in a short time lime Mr Fowles indicated |