Word: maes
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Raiding the Treasury. Popular as the largesse is with builders, even its strongest advocates admit that it is inflationary. Though President Johnson was considered certain to sign the bill, he objected to $1 billion tagged as a "special assistance fund" to enable Fannie Mae to make about 60,000 FHA and VA mortgage loans of less than $15,000 on extra easy terms. It was not the favoritism that bothered the President. His worry was that half the $1 billion would come from his emergency funds and the other half from a direct raid on the Treasury, thus adding...
...lobbying of 700 home builders who flew into Washington five weeks ago, the legislators approved a. bill to funnel the funds into FHA and VA home loans through the Federal National Mortgage Association, a partly private, partly Government-owned corporation that is best known by its nickname, Fannie Mae. If all the money is used as intended, it should finance construction of about 320,000 homes, or nearly one-third of the housing industry's annual output at today's depressed rate...
...country's northeast and in the Moslem provinces of the south. But thanks to a civic-action program that is nipping Red subversion in its earlier stages, the north is relatively free of trouble. "Nation building is what we're doing," says one official in Mae Rim, 107 miles from the Laos border. "We're extending government influence to all within Thai borders...
...against time deposits; and 3) pump money into the mortgage market by purchasing the obligations of the Federal National Mortgage Association and the Home Loan Banks. The Senate did as well: a subcommittee headed by Alabama's John Sparkman voted to give the FNMA, familiarly known as Fannie Mae, $2 billion in new borrowing authority...
...Mae West in "She Done Him Wrong," and W.C. Fields in "The Old Fashioned...