Show HOME OWNERS ARE GIVEN OIVEN AID Corporation Redeeming Many Mortgages in Provo District PROVO PROVO More More than half haIt a million mimon do ollars dolIar lars in guaranteed federal bonds and nd cash has flowed into Utah count county the he past fourth months as the HomeOwners HomeOwners' HomeOwners HomeOwners' Home Hone Owners Owners' Loan Lom corporation has hac redeemed re re- deemed mortgages in the district and nd given the racked mortgage-racked home borne homeowners owners new financial bolstering Robert L L. Elliott manager of the county branch of the H 0 O L C report report- ed cd d Wednesday that loans closed b by jy March 1 amount to a total of oC 1705 This means that each mortgage which the newly created federal loan corporation has taken of off the hands of f the mortgagee by guaranteed bonds has averaged The life blood of federal money that has las flowed into Utah county J as saved homes lomes that were tottering on the brink rink of foreclosure It has closed loans at the rate of 75 a month in DC Dc- cember ember and January but dropped to toL 61 L during February when the system of oC f appraisal al was altered The new system means means' that the local ocal office will have more of the work vork to do and with an additional appraiser to 10 be approved by the gov gov- soon the loans will be closed faster aster in the future Mr Elliott de dc- dared lared Dwight Billings and Charles Haycock who were approved ved by the county Democratic committee anden and Ben en Ray N. N A. A Peterson and H Hyrum rum Baird have applications ns in for the position |