Show SPURT IN F H A LOAN REQUESTS EXPECTED A spurt in number of at applications for lor modernization funds Is expected during the next few weeks by Franklin Frank Frank- lin un D D. D Richards Utah F H A director he said Friday A new ruling under which loans may be granted up to a year five period pe pc pe- pe nod dod In refinancing cases where the original security is for a longer term was announced by Mr Richards This will materially aid building and loan associations whose popular lending period jeriod is 10 years he said Utah F H A loans have passed the mark Mr Richards said Money loaned for the building of new homes the purchase of hom homor homes or refinancing of original mortgages totals more than he said Average amount of the loans was Up to April 25 the latest reporting date modernization loans Joans numbered Mr Richards said Their value was vas Since that time more than han one hundred thousand dollars has been Joa loaned ed Mr Richards said |