Word: lending
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Although they could not muster a quorum, Student Assembly members last Sunday met as a committee to lend their qualified support to the changes in College governance proposed in the recently-released Dowling Committee report. Assembly members also called for the abolition of the Committee on Rights and Responsibilities--a topic that the Dowling Committee touched upon without making any recommendations. The assembly members agreed to "recognize the effort and compromises that have gone into the report" and to support the proposed changes "as an improvement of the present system...
Harvard students borrow Guaranteed loans from home town lenders and the University. The University will continue to lend to its students under some program. Home town lenders, which make virtually all loans at other institutions, will withdraw, probably abruptly, from the program...
...sport, however, he committed himself to a time consuming role at poolside. This year Hugon and another former swimmer, Lorren Elkins '81--who toiled mostly alone last year--bolstered the managerial corps with several energetic freshmen and two graduate managers, Steve Boucher and Tom Morton, both of whom lend experience to the staff after previous tours of duty with squads at Yale and Michigan State...
Cutting back on FHA will not help that old rural dream. Rick Happel, Derold's 22-year-old son, applied for an FHA loan last summer to buy some land of his own. He was turned down because the agency has no more money to lend. "A guy like me," he fretted last week, "might never be able to own land...
...hold $650 billion in long-term mortgages, nearly three-fourths of the U.S. total. But about one-third of those were written within the past decade at interest rates of 8¾% or less. Moreover, during the past two years the costs to the thrifts of acquiring money to lend has risen dramatically. These two factors have combined to create a terrible squeeze on earnings. In May 1980, S and Ls as a group paid out more in interest rates on deposits than they got back in the form of income from mortgages and other investments. Later in 1980, they...