WHOTESATE TUMBER ONtY

SPECIAL'ZTNG IN TRTTCK AND IRA'|,TR SHIPNENTS fRO/U ORTGOT AND

is being triecl ottt in seven FHA insuring office jurisdictions in u,hiiir thc need for increased mortgage insurance benefits has been <ler.nonstratecl.

Many familics lir.ing in communities relatively distant from FI{A's ficld olficis have not felt the full benefits oI FHA mortgage insurance as an aid to home financing because oI tire'-unavailabilitv of mortgage fttncls. Another obstacle in certain areas is the distance n'hich FHA ap-

WHOLESAIE

TO. CA LIFORHIA

praisers and construction inspectors must travel u'hen disoatched from FHA field oflices.

- Cyrus R. Sn'eet. deputv FHA commissioner rvho l'as cl'rairman of the meeting, said that the key is that lcn<lers u'ho are approved mortgagees in the selectecl cotnmunities u,ill be named authorized agents and rvi1l ernploy the services of FHA-approved appraisers ancl insltectors ll'lttr u'i11 process applications for FHA mortgage ittsttrltnce on a fee basis.

The use of fee appraisers and inspectors r'vill bcgin this fall in some 900 communities of less than 1.5,000 population in the selected areas. It is expected that hon-re Lruyers u'ho because of location have experienced clifficulty in obtaining FHA's relatively liberal mortgage terms rr'ill benefiit greatly by re-channeling the fl<iu' of mortgage funds.

- The purpose of the meeting, itccording to FHA, rvas tr.r seek the support of industries in improving housing conditions in areCs rvhich have not experienced an appreciable volunre oi Fl IA lrusiness.

T1.re inclustries participating and their representatives u'ere: American Prankers Association, Mortgage Bankers Association. National Association of Home lSuilders, National Association of Real Estate Boards, National Retail I-nmber I)ealers Association, National Savings and Loan I-eague, United States Savings and Loan League, 11d Nationil Committee, Voluntary llome Mortgage Credit I'rogram.

Sqn Diego Hoo-Hoo-Eftes Elect Helen Peferson Presidenf

San Diego-San Diego Hoo-Hoo-ftte Club 4 helcl a regular dinner meeting at 6:29 p.m., Septcrnber 10, at the Pa]rk Manor hotel here and installed its ner,v officers for the 1957-58 term. The lumbenvomen nolv in office are:

President-Helen Peterson, San Diego Lumbermen's Assn. ; lst Vice-President-Florence Houchins, B. C). Larsen, Inc. ; 2nd Vice-I'resident-Mildred Crouthamel, Sullivan Hardrvood I-umber Co. ; 3rcl Vice-President-Belva Kendrick, Builder's Marl<ct ; Sccretary-Betty Morgan, T)avidson I'1yu'ood Co.; Treltsttlsl-fn3 Wheeler, Solana Lumber & lluiiders Srrplrly Co. ; Initiation-Grace Surber, Builc!er's lilarket; Nlenilrciship-Norma Roberts, Nfurray NIill & N'ffg. Co., and I'ublicity-Dorothy Gayeske, \\restern Lttnrber Company.