Word: lended
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Dates: during 1960-1969
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...Balance Wheel. Controversial activity is a long tradition with Fannie Mae. A 28-year-old New Deal creation, the agency has become the world's largest mortgage banking facility by buying $15.7 billion of loans to finance 1,586,000 homes and apartments. Basically, it aims to lend heavily when home loans are scarce, sell part of its portfolio to private lenders when funds are plentiful. So well does the agency perform this balance-wheel job that private mortgage men consider it indispensable. Precisely because of Fannie Mae's high standing in the financial community, Congress often gives...
Firsthand Look. To lend the trip suitable nonpartisan trappings, the President corralled three Republican Congressmen to join his party of 100, picked up others along the way. In Buffalo, he also met New York's Republican Governor Nelson Rockefeller, and they both took a look at sewage-contaminated water. In Syracuse, the crowd of 100,000 in Columbus Square listened to Johnson's review of the cities' plight, but really stirred only when New York's Senators Robert F. Kennedy and Jacob K. Javits arrived. Bobby evoked shrieks, was still shaking hands as the President climbed...
Reston also suggests that the Sunday papers run an "Issue of the Month" feature, which could lend a wider perspective to the major current problems. He feels that, in general, we are so concerned with the events at hand that we fail to look ahead or behind for trends in the news which could provide clues to the best possible foreign policy...
...France, Finance and Economics Minister Michel Debré has announced a "milestone" agreement that "avoids both a system of laissez-faire, or indifference, and a system of state control." The government will lend the steel industry $544 million, doled out at a rate of about $120 million annually, at low interest, to modernize and regroup. The four biggest French steelmakers recently formed two new combines...
...complaint that he and about 530 other home builders from around the U.S. brought before their Congressmen last week in a one-day lobbying visit was simple: their industry is in a perilous condition. Competition for deposits between commercial banks, which lend primarily to business, and savings institutions, which lend mortgage money, has grown so fierce that the supply of mortgage funds is dwindling and higher interest rates are scaring away home buyers...