Word: crediters
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Dates: during 1950-1959
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...pointed out that February degree candidates would be the most eligible, although students who wished to take a year's leave of absence would be given equal consideration. Watson said that students would not be given credit for spring term work prior to the April opening of the Exhibition, nor would they be allowed to register after its closing in October...
...easing up on income requirements, Mason gave a bright green light to builders to pack more quality into houses. The new directive specifically instructs FHA local offices that "no otherwise acceptable" credit application for a house costing more than $12,000 is to be turned down because the builder spent "a few hundred dollars" putting in better wiring, insulation or wide roof overhangs. Such quality items, said Mason, actually cut down on house maintenance costs. Likewise, complete kitchens were okayed for houses over $12,000. Where builders in the past had to leave out appliances because they ran the initial...
...past, local FHA offices normally considered that a prospective home buyer could afford to spend only about $1,000 a year plus a tenth of his after-taxes income above $3.000 on housing. Now FHA offices will approve credit applications in which $1,000 plus a fifth of income above $3,000 is budgeted for the mortgage, utilities and upkeep. Under the old standards, a buyer with an after-taxes income of $5,000 could not expect to qualify for an FHA-insured house costing more than $10,600 unless he had more than the minimum required down payment...
Better Houses. Will the new credit rules encourage buyers to get in over their heads? Builders say no, that the new standards simply mark a return to the income requirements before World War II. Builders have long agitated for the change. Last March HOUSE & HOME ran an editorial calling FHA's income requirements "unreasonable and arbitrary," pointed out that FHA was encouraging consumers to buy inferior houses. As a result, FHA Commissioner Norman Mason appointed an industry advisory committee, whose recommendations led to the new standards...
With 82 cards to his credit, MacLeish easily outdistances his nearest rivals. In second place is Howard Mumford Jones, professor of English, who currently burdens the catalog with some 62 titles. Jones was in third place, one ahead of Mac Leish...