Word: va
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Dates: during 1950-1959
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VETERANS' HOUSING will get boost as a result of presidential order supplementing housing bill. G.I.s will no longer have to make 2% down payment on VA mortgages, will have to pay only closing costs in cash. Other orders released $325 million from Fanny Mae funds to stimulate home building, reduced cash down payment for middle-priced FHA houses...
...will get $1 billion to buy FHA and Veterans Administration-insured mortgages up to $13,500 each at par (100%) value. Previously, Fannie Mae bought mortgages from lenders at discounts of 2% or 3% from par and found the market slim. Now, by fixing the price of FHA and VA paper at par, Fannie Mae expects lenders to sell more mortgages to the Government, thus unlocking up to $1 billion in fresh credit. In addition, the bill gives $550 million to Fannie Mae to buy mortgages on urban renewal projects, low-cost and military housing and homes for aged buyers...
Robbin' Hoods. In Bluefield, Va., thieves cracked a supermarket safe, filled the store's heart fund container with dimes, left with the remaining...
...determined woman in Falls Church, Va. kept her furnace going by burning all her firewood, then the extension leaves from her dining-room and kitchen tables then her cat's wooden house. Police guarding the Hudson River's George Washington Bridge turned back convertibles, fear ful that jagged chunks of ice, torn by wind from the girders and cables far overhead, might crash through the fabric roofs...
Ceiling Limited. In Arlington, Va., a first-grader entering the Washington Post's "Favorite Teacher" essay contest was full of praise for his Miss Davis, added with an eye on next year: "I wish she was smart enough to teach second grade...