Word: mortgagees
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Dates: during 1980-1989
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Thanks to the free-spending American consumer, the current economic expansion has survived to the relatively ripe old age of three years. Many households have spent all their income, and then some. Americans have confidently, even feverishly, borrowed money in record amounts to buy everything from compact disk players to...
San Diego-based Home Federal Savings & Loan normally processes about 210 applications for home mortgage loans in a week. But last week more than 600 would-be borrowers swamped Home Federal's 163 branches across California. Many offices ran out of printed mortgage applications and had to use photocopies. Said...
Even as Fibercraft moves in, Sac City continues to lose other businesses. Within the past three weeks an engine-repair facility and a veterinary-supply firm closed their doors. But another manufacturer has talked about taking over the vacated quarters of a seed processor. Said City Administrator Gary Mahannah: "We...
Christa McAuliffe, the schoolteacher, received most of the attention, and it is easy to see why. She was articulate and photogenic, a reminder to everyone of what classroom experiences were or should have been. Her presence made this shuttle flight different from the 24 that had gone before. She would...
Created in 1934 to ensure that people of modest means could obtain home mortgages, the FHA has provided mortgage insurance to 50 million homeowners who might otherwise have been unable to buy houses. Critics of the Administration plan feared that if private companies took over the functions of the FHA...