Evening star., 1933-07-30
HOME LOAN OFFICE
HERE FACES ARRAY
OF APPLICATIONS
5000 Seek Jobs, 100 Money
in Requests That Await
Opening Tomorrow.
NO HIRING WILL BE
DONE Immediately
District Financial Institutions to
Provide Workers to Assist
Would-Be Borrowers.

Three thousand applications for jobs
and 100 applications for home loans
will be awaiting the attention of the
District office Of the Home Owners Loan
Corporation when it opens up for busi-
ness tomorrow at am. in newly ac-
quired quarters at $40 Fifteenth street.
For the job seekers, a man will be
assigned between 2:30 and 4:30 pm.
to interview applicants-and for the
time being no hiring will be done.
For the loan seekers, q corps Of nearly
80 volunteer workers. loaned by leading
banks, trust companies and mortgage
houses Of the city, will be on hand to
aid distressed home owners in making
out applications for mortgage refinanc-
ing under the law signed by President
Roosevelt six weeks ago.
Staff Is Assembled.
This Is the staff that has been in the
process of being assembled during the
last two weeks by Charles A. Jones,
District manager for the corporation.
With these well trained, experienced
real estate financing experts, he expects
sary machinery to save hundreds Of
Washington homes from being lost
through mortgage foreclosure. A flood
Of additional applications is expected
tomorrow.
Among the 100 loan applications al
ready in the hands of Jones and his
assistant, Paul ]. Frizzell. are perhaps
dozen urgent cases which will re-
ceive immediate attention. They rep
resent situations where foreclosure is
imminent and in some instances where
homes have been temporarily saved
from the auction block through the in
tercession Of the District manager.
While declining to consider any ap-
set-up has been accomplished, Jones
has in q number of cases asked mort
gage holders to delay drastic action
until his office has had opportunity to
look into the merits Q each with
view to refinancing through the Federal
agency. The 100 applications already
in hand are those which seeped IN
through national headquarters ONCE OF
the Home Owners Loan Corporation.
Not All From d. C.
With 600 applications for jobs already
in his hands, Jones was presented with
$500 more yesterday by the head once
at the Federal Home Loan Bank Board.
They represent persons both resident IN
Washington and in various States, ne
said.
In connection with employment in
the new agency, Jones yesterday issued
the following statement:
"It Is fair to say that only few
jobs-at least for the present-have
been allotted by the corporation for the
District of Columbia set-up. In each
State and in the District the personnel
of the agency depends upon the busi-
ness developing under the act.
THE corporation headquarters, prior
to the establishment Of the Washington
branch, had received many hundreds OF
applications fer positions in the ma
tional headquarters here and also IN the
District branch. No matter how worthy
the applicants, only a comparative 1e"
can be placed"
He added that all appointments made
by the local Office would have to meet
with approval of the Home Loan Bank
Board. He did not know whether the
board would approve appointments on
the basis of civil service status, or would
take into consideration political party
affiliations.
Hold Get Together.
The first complete get-together OF
Jones new organization took place yes
terday afternoon when he addressed his
volunteer assistants on the scope OF
the home loan law and its application
to District home owners who are IN
financial distress and facing foreclosure.
He pointed out that there Is no pro-
vision in the act for the mere re-
financing" of mortgages not due OF
pressing. simply to obtain the lower IN
terest rate under the corporations plan.
The loan applicant must be actuaily
Gin distress" he said, and unable 10 re-
finance his or her property through tne
ordinary channels OF credit.
his assistants. should be thoroughly dis
seminated and thus should avoid the
filing of applications which may lack
eligibility for consideration. Other
points of the law. and procedure to be
followed in dealing with applicants.
were outlined by Assistant Manager
Frizzell.
Only Two Paid Employees.
In the present staff Of the agency
there are only two paid employees pc
sides the key men, and both OF these
are working on q per diem basis. Tne
volunteers include those who are IA
miliar with real estate conditions IN
the District and whose services will be
utilized for q few days in setting In
motion the home loan machinery here.
Il was emphasized by Jones that 1t is
not intended to man the District
branch with unpaid workers, especially
during this period Of distress and un-
employment, but the services Of volun-
teers are regarded as Of great benef1t for
the time being.
IF it had been necessary to find per-
manent men for this task before open
ing, relief for distressed home owners
here would have been delayed much
longer" Jones said. "As the organi-
zation gets into stride limited num-
ber of paid helpers, at reasonable but
not fancy salaries, will be assimilated."
Appraisal and titling Of properties on
which loans are being sought will be
delegated to established firms and ex-
perts In Washington and will not be
handled by his ofnce, Jones said. Ef-
forts are being made to make this serv-
ice available at the lowest possible cost
to the borrower.
MRS. A. N. Filler DIES