| Show washington 1 NEWS LETTER lly BY congressman GRANGER ff i i ir n A f WITH 11 II 0 L 0 current facts concerning the progress of liquidation of the home own ers lonn loan corporation are arc interesting particularly the record of its accod p Ish ments in ili utah out of 01 it a total of 0 nearly neamy two million applications filed throughout the united states and its possession possess lonn si dur 4 ing tho ilia period from june 13 1033 1933 through june 12 1036 nt at which time the corporations lending ending activities reasor loans were closed and of this number were in ili utah citizens of utah can take pride in the way its home owners who borrowed from the corporation cro paying off their obligations sixty six ax per cent of the total amount of loans made in utah have now been reduced th collections and the sale of properties A total of borrowers have paid their accounts in full and lina irately tely 1213 borrowers are now making 3 monthly payments in excess ot of the tha amount required under their con tracts 1 despite extensions and the delay of at payments of some who are still unable to meet their obligations on time the corporation in its ita nationwide opera eions has liquidated its assets to the extent of 57 PT per colit cent as of Sep september 30 1913 1013 this Is a record when on ond considers that the average 11 0 L C borrower ot at the time his loan was re financed was delinquent two years yeara a on his payments in ili arrears two to three years on his taxes and was elther either facing foreclosure or had al ready lost his home |
