Salt Lake Telegram | 1936-07-08 | Page 11 | Insuring of Home Mortgages Gains

INSURING OF HOME HOM E MORTGAGES GAINS Volume of home mortgages mortgage accepted accepted ac ac- ac- ac for tor insurance by the F H A from Utah savings and loan associations Increased 80 per percent percent percent cent in May over April Franklin I D. D Richards ards Utah F H A director said Wednesday Mortgages totaling were a accepted for tor in insurance urance in May y as against according to toa toa toa a report received from George E. E Palmer Washington D. D C. C assistant as as- to the F H A administrator This brought the cumulative total for these loan lonn associations on June 1 to of which was for tor construction of new homes These loan a associations have made 32 per cent of all mortgages Insured Insured in insured In- In by the tho F H A A. in Utah and vand their heir loans are responsible for 40 r pe-r per cent of the being spent for tor or new construction