The Hereford Brand (Hereford, Tex.), Vol. 76, No. 219, Ed. 1 Friday, May 5, 1978 Page: 3 of 25
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Th* Hereford Brand-Friday, May 5,1978-Paga S-A
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Mortgage Bankers Association.
"The rapid increase in the
cost of homes and the rapid
Such programs, for savings
and loans, still need Congres-
sional approval which Riedy
said he hopes will come later
this year.
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payment requirements and the
monthly payments, Riedy said
more spouses an having to go
to work. In some cases, he said,
parents an refinancing their
homes and helping their
children make downpayments.
Riedy warned, however, that
some 4O-year loans reach a point
of negative amortization, which
means the monthly payments
won't pay even the interest.
Still, some negative amortiza-
tion financing plans an being
studied. Riedy noted experi-
mental plans where a home-
buyer makes smaller payments
in the early years of a loan, then
increases his payments later as
his income rises.
A vote for Roland Saul is a vote for
★ Responsible Administration of justice
★ Harmon? ★ Interaritv ★ Fairness
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a
who can qualify for loans,"
Weebles said in an interview
Thursday.
“And as long as inflation is
with us, the days of lower
interest rate loans, those 5 and 6
percent loans of the last longer repayment periods that
the current maximum 30 years.
“Forty years is possible," he
said.
Mark J. Riedy of Washington,
is unraveled by two precocious
youngsters.
It successfully weaves mys-
tery and comedy, and is fine
entertainment for youngsters
and anyone else who can be
persuaded to watch.
It also stars Nina Foch, Biff
McGuire and Barbara Barrie,
with Steve Shaw and Katy
Kurtzman as the youngsters and
Olivia Barash as the young
ghost.
Zerbe plays another villainous
role in the upcoming “Dog
Soldiers,” with Nick Nolte,
Tuesday Weld and Michael
Moriarty. He will play a more
comical heavy in the NBC movie
“The Kiss Meets the Phanton.”
which s*ars the decorated rock
group.
Zerbe lives in Santa Barbara —- •
with his wife, actress Arnette
Jens, and his children, Janet,
14. and Jared. 12.
LOS ANGELES (AP) -
Anthony Zerbe, one of the most
versatile villians in movies and
television, says he can usually
spot the heavy just by looking at
the character names in a script.
“On television you so often
play a gratuitous heavy," he
said. “Your only function is to
make the hero a hero. 1 won't
play those any more. It seemed
my characters were always
named Eric or Alex. Once I
played a heavy named Ralph
Sneed.
"You can usually tell by the
names. There’s never Charlie ot
Bobby."
In his latest characterization,
the creators threw him a curve.
He plays a disreputable tosspot
named Amory Timmons, who is
up to no good in “Child of
Glass.” The Disney movie for
television airs on NBC at 7 p,m.
EDT Sunday.
Zerbe. 42. has lent his dark
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iv Kid,"
in the
lent of
n 1897.
space for furniture place-
ment
Directly behind the foyer
is the desirable “country”
kitehen with large kitchen
eating area, access to base-
ment, utility space and ex-
ceptional food preparation
area and food storage cab-
inets. Built-in appliances are
indicated.
The family room is acces-
sible to the foyer, double side-
entry garage, rear yard and
half bath as well as the
l ELECT
Roland Saul
Your
HR
'___.r
kitchen. It includes fireplace,
front and rear view and abun-
dant wall space.
There are four large bed-
rooms up, all including good
closet space. The master bed-
room has private bath with
dressing room and the re-
maining full bath services
the three remaining bed-
rooms. Linen storage closet
is central.
The plan is also available
with conventional front, in-
J
5
generation, an gone,” he said.
Weebles is presiding over
about 700 members of the Texas
Mortgage Bankers Association
who are holding their conven-
tion here this week.
For homebuyers, the bright
side is this:
"Our feelings are that there
will be sufficient funds for
financing," he said.
But the bad news is:
“We're not proud of the
price.”
That price, said Weebles, is
likely to remain in the 9‘/«
percent to 9V« percent annual
interest rate for some time.
Weebles said as long as there
is inflation, mortgage lenders,
including savings and loan
associations which finance most
homes, will try to protect
themselves by charging high
interest rates.
"If the lender is looking at
double-digit inflation down the
road, he’s got to do something
to cover himself,” said
Weebles, of San Antonio.
“Everyone feels there is
enough money available to meet
the needs of the current housing
boom. And Texas is fortunate in
that its usury laws are not
unnecessarily harsh," he add-
ed.
Conventional home mortgage
loan rates in Texas ate limited to
10 percent annually, but
government mortgage pro- presence to many films. In
grains, such as FHA and VA, “Farewell, My Lovely.” he was
are not. And, mortgage interest
rates on loans larger than
$500,000 are greater, Weebles
explained.
What does Weebles recom-
mend to the young couple trying
toTuy its first home in Texas?
"Sweet equity,” he replied.
"Buy a home today. Pay as
Why doesn't bulletin-wor- .
thy news ever occur during -
the commercials?
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SAN ANTONIO, Texas (AP) -
Mortgage bankers say their
toughest task today is finding
customers • people who can
qualify for the usually hefty,
high-interest, long-term loans
needed to buy new homes.
And, inflation is their biggest
worry, according to John C. __,____r. _
Weebles, president of the Texas much down as possible and
borrow as much money as you
can for as long as you can.
. Sweat it out for two or three
increase in the cost of money is years. Then, your income win
leaving fewer and fewer families increase and it won’t be quite as
whn ran mialifv frsr Inane •• tight ’*
A home is one of the best
investments around, be added.
Weebles believes that if home
prices continue to rise, bankers
will have to consider loans for
© By W. D. Farmer
The wide foyer with open
rail stair exemplifies old
fashioned country two-story
idea. The living room and
dining room are separated to
the right, and bypassed from
day-to-day traffic flow. Both
are large, however, and are
endowed with extra wall
COUNTRY TWO-STORY INCLUDES TYPICAL SHED PORCH
eluding stoop shown and
cantilevered second floor.
The exterior ityle shown is
country, enhanced by combi-
nation brick and horizontal
rustic siding, multi-lite shut-
tered windows and lull width
shed porch.
The plan is Number 958 B.
It includes a total of 1,969
square feet of heated area.
For further information
write W. D. Fanner, P.O. Box
49463, Atlanta, Ga. 30329.
Villainous Actor Has
New Role on Disney
a slick gangster out to deceive
Robert Mitchum. He rolled Paul
Newman in a drunken brawl in
“Judge Roy Bein.” He
attacked Che-Hon Heston in
“The Omega Man.)’ He was
sent to kill John [Wayne in
"Rooster Cogburn.'” but saved
Wayne’s life instead ind lost his
own.
To demonstrate his versatil-
ity, he was an ^orchestra
conductor who had a brief affair
with Shirley Matkaine in
"Turning Point."
He won an Emmy for his
portrayal of Lt. Trench David
Janssen’s antagonist in "Harry
O." It was his only serious, and
although he says he hated to see
the show die, he doesn't want to
commit himself to another
series.
"Child of Glass" [is another
neatly wrapped package from
Walt Disney Productions. It has
all the indredientd: Ghosts,
cemeteries, a dsysta? ball;
buried treasure and a riddle that
Qualifiers, Inflation Considered
Big Problems for Mortgage Bankers
■ _______________
D.C, executive vice president
of the Mortgage Bankers
Association of America, said
interest rates may nse as much
as one-half to three-fourths of a
percent this year.
"And that’s contingent on the
rate of inflation being controll-
ed." Riedy added. “fc&tioa i.
the real problem. Inflation in
home prices and inflation in the
cost of money.”
"We’re approaqhing 10
percent loans right now, and if
we hit that it could knock the
demand right out of the housing
boom. The 10 percent figure is a
real psychological barrier.
“But what we have today is
that anybody who can get a
downpayment will buy a home,
and he will pay any interest rate
to get a home," said "
also holds a de.
economics.
To meet the minimmum down
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Sims, Paul. The Hereford Brand (Hereford, Tex.), Vol. 76, No. 219, Ed. 1 Friday, May 5, 1978, newspaper, May 5, 1978; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1348135/m1/3/: accessed June 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Deaf Smith County Library.