Evening star., 1933-07-27
REALT0R IS NAMED
HOME LOAN AID
Paul FrizzeI| an Authority on
Mortgage and Financial
Matters.

Paul Frizzell, well known Washington
realtor and authority on mortgage and
financial matters, has been named as
sistant manager of the Home Owners
Loan Corporation for the District Of
Columbia.
The appointment, recommended to
the Federal Home Loan Bank Board by
Charles A. Jones, District manager for
the corporation, was approved by the
board yesterday, and Mr.. Frizzell will
take Office Immediately.
The vice president and general man
ager of Shannon g. Luchs, Inc, realtors,
Mr.. Frizzell has been active in the Dis
trict real estate field for Is years. He
Is chairman of the Zoning Committee
of the Washington Real Estate Board,
and serves on the Special Committee
Of the mortgage and finance divisions
of the board.
Born in Washington "a years ago, Mr.
Frizzell was educated at Central High
School and George Washington Univer-
sity and during the war served with
the Naval Aviation Service.
Location Still Secret.
The location of the new District
agency to aid distressed home owners
remained secret today as Jones pro-
ceeded with the task of preparing the
Office to handle the anticipated flood Of
applications for loans when the address
Is made known. Telephones, furniture
and office equipment are being installed
and it is expected the agency will be
open Monday morning.
Jones revealed he is enlisting the aid
OF corps of volunteer workers in the
preliminary organization, functioning
much as. the advisory boards set up
under the various State Offices of the
Home Owners Loan Corporation.
BY utilizing the services of these VOL
unteers, Jones said, he will not find it
necessary to hire any employees for the
time being, except telephone operator
and one or two stenographers, and he
1ntlmated he already has made these
selections. The staff set-up at the out
set will consist of minimum number
OF workers, increasing as the valume of
business necessitates it, he said.
In a list of salaries of State man.
ayers appointed to date, made public
at the Federal Home Loan Bank Board
yesterday, the salary of the District
manager was revealed as $4,000 per an
mum. Other salaries ranged from
$500 for New Mexico, up to $500 for
New York, Pennsylvania and Ohio.
Salaries of assistant managers are pro-
port1onately less.
Salary Difference Explained.
The difference in the salaries for the
various State managers was explained
by the Home Loan Bank Board as be-
ing governed by the number of out
standing mortgages in their territories
and other factors which would deter
mine the volume of business to be
handled by each.
Fearing that misunderstanding may
exist that the Shannon & Luchs firm
was linked with the local Office of the
Home Owners Loan Corporation, Nor
ton Luchs, vice president, pointed out
today that both Mr.. Jones and Mr.
Frizzell are resigning their posts there
to accept the Federal appointments.
I'm this emergency" he asserted
1--WE are glad to be able to offer these
men to assist in the Presidents pro-
gram of relief for distressed owners of
homes. Because our Office is being be-
seiged with queries concerning the
Home Owners Loan Corporation, how
ever. want to point out that we have
no connection whatever with it. Mr.
Jones has maintained an Office here
during the last two weeks simply be-
cause the Government failed to provide
him with one"