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Show 4. ef The Enterprise Review, August 25, 1976 Page 8b Mortgage Lender Blasts Paperwork those costs, perhaps by including them in the note it rate, predicting that would be better for both of Holding in one hand all the forms a home buyer was required to complete 17 years ago, and in the other, all the paperwork required of him today, Hayden Calvert, president of Prudential Federal Savings told a meeting of the Utah Mortgage Maybe if we had to absorb all those front end costs ourselves, we would be a little more prudent, said Calvert. idiots. Youd never know it by the paperwork, but a real estate loan is really a very simple transaction. Calvert blamed both the federal government and mortgage bankers themselves for the vast proliferation of regulations, rules and accompanying paperwork in the We mortgage business. have spawned two, and soon Dividend Announced .o Deseret Pharmaceutical Co., Sandy, has announced a cent per share quarterly stock dividend payable Sept. 24 to shareholders of record on Aug. 26. the previous quarterly dividend was seven cents per share. The company intends to retain the 10 cent per 10 government are probably' the biggest rip-oin the mortgage bankHe suging business. gested that lenders absorb c t if S3 I share divident at least through the next three ff quarters. WE ARE BULLISH Molder Clyde Parker rests his sign and takes Negotiations are reportedly at a standstill a smoke break from picketing at Eimco's Salt Eimco is the only business in the state on strike Lake City Foundry . Parker is one of almost 200 at present, strikers at the foundry out of work since July 1. ON UTAH 4 Put your money where you live . NYC must pay its own way. y Utahs Industrial Force ecurittefi (Eorp. 25 SOUTH 500 EAST SALT LAKE CITY, UTAH 84102 (801) x. I agencies, he said. Calvert said front end or closing costs, costs, GUjattjam 531-033- REAL ESTATE BRING THIS AD IN FOR A slightly smaller percentage of employees has been out of work due to strikes this year than in 1975. As of July 31, .5 percent of the Utah labor force had been unemployed compared with .7 percent in the same period of 1975. Of the states 375,000 TAX SHELTERS 10 DISCOUNT Enters Boldrum Period A 7 PRIVATE PLACEMENTS MERGERS ACQUISITIONS ON PRINTING AND PHOTOTYPESETTING DURING THE MONTHS OF JULY AND AUGUST. OFFER VOID AFTER SEPTEMBER 1ST. eo.c PHOTOTYPESETTI NG IPKKsOis 255 West 000 SouthSalt Lake City, Utah FREE PICKUP AND DELIVERY 4 j ; A borrower must go away beside himself thinking we are a bunch of absolute three, Di!!VSTEIMcQ' US. bankers Association last week, 0nl Moiiu.. private employees, only 1781 workers have been on strike so far this year. Ross Thoresen, director of Utahs industrial relations council, described this years labor force as healthy and highly consistent. He said that strikes for the year should be few and relatively insignificant. Most strikes, according to current Job Service statistics, last less than one month. Utahs labor force is what going through Thoresen calls the summer I cant doldram period. foresee any major strikes for None of 1976, he said. the major private companies have contracts expiring this year. That means that most other strikes, if there are any, will mean very little except to the people on strike, their companies and their families. Employees of 15 Utah companies went on strike in 1975 affecting 3,916 private workers. Another 4400 Granite School District employees, mostly teachers, refused to work last year. Granite workers are employed by city government. While local, state and federal governments repre sent a huge part of Utahs total employment, July figures show three times as many private employees as government workers in the state. The numbers compare 108,000 government workers with 357,000 private employees. r a1 t k I 4 Thoresen said most strikes occur during the summer months. With most union contracts expiring after June 30, the end of the fiscal year, union negotiators prefer to have their people out of work during the sum- mer because alternative work is relatively find. easy to "Very few unionized companies in Utah are capable of disrupting the states economy, Thoresen added. Strikes at Kennecott and U.S. Steels operations at Geneva affect the entire state, he said. Of the state's top ten employers, only four institu- tions represent private employers: Kennecott Coppers Magna plant, U.S. Steel, Brigham Young University, and the LDS Church. Hill Air Force Base is the largest employer in Utah. j |
