Evening star., 1934-05-26
HOUSING MEASURE
CONVENTION TOPIC
National Association of Real
Estate Boards to Discuss
Roosevelt Plan.

The national housing bill, inple-
menting President Roosevelt's plan
for drawing a billion and a half of
private capital into home building
and reconditioning under Federal
mutual mortgage insurance, becom-
ing, as it does, the expected central
pivot for the future swing OF mort
gage practice and of home building,
will be a central topic for the COM
ing annual convention of the Ma
tional Association of Real Estate
Boards in Minneapolis. June $3.50.
The convention will discuss the
changes in outlook involved in this
bill, the administration plan for put
ting the legislation. into sound opera
ton, and changes in business method
and service involved in the implica-
tions of the bill.
The association has offered its serv-
ices in working out proposed details
of the application of the plan to local
communities 1t emphasizes the sig
nificance of the discount power given
to home loan banks under the plan,
and the Importance of developing a
well organized appraisal system as
foundation for the proposed mortgage
structure.
Senate Majority Leader Joseph T.
Robinson estimates that it will re-
quire two or three weeks to complete
legislative action on the bill. intro
duced in the Senate May IA, by Sena-
tor Duncan U. Fletcher. chairman
Of the Senate Committee on Banking
end Currency.
Will Discuss Method.
The convention will center on
changes of method called for by
changing general business ana social
conditions.
Speakers acceptances are coming
into the associations headquarters
at the rate of three or four a day.
New high lights are:
w. Water Williams. Seattle, presi-
dent of the Mortgage Bankers Asso-
citation of America, will address the
Mortgage and Finance Division on
Mortgage Banking Under the New
Deal" L. E. Mahan. president of the
L. E. Mahan Co., st. Louis will talk
to the mortgage specialists on ad-
justing the mortgage business to meet
present-day conditions. A D. Fraser,
Cleveland, will speak on the organi-
cation and administration of a mort
gage business.
The securities act of 1888 and the
important question of regulations un-
der the act with respect to real es-
tate mortgages, will be discussed bv
Robert E. ODea of the Chicago Title
and Trust Co.
Albert L. Deane, president of the
General Motors Holding Corporation.
borrowed by the National Emergency
Councils subcommittee under Frank
c. Walker to bring to the drafting of
the administrations new proposed
home mortgage legislation the sue
cessful experience of the automobile
industry in installment financing for
the buyer, will address the Land De-
velopers and Home Builders Division
on this phase of Federal aid for the
nome builder and the home owner.
Robert L. Dawson, New York, di-
rector of research for the Pierce
Foundation, will outline to the home
builders present trends in, building
materials and equipment. "A New
Deal in New Home Selling" will be
discussed by Guy w. Ellis. vice presi-
dent of the Keyes Co., Miami Beach.
Fla, known to all realtors for his
work IN national sales conferences.
Grooming properties for the new
market will be a forWard-looking
topic of the new Institute of Real
Estate Management. R. M. Dinsmore,
president of R. M. Dinsmore & Co.,
Brooklyn, will open this discussion.
c. A. Mullenix, president of Cuya-
hoga Estates Co., Cleveland. devoted
exclusively to the management of in
come property, will talk on Creative
Management" Mr. MulleniX, presi-
dent also of Campbell -Mullenix- -Jaco-
by, Inc, engaged in analytic surveys
OF income properties, is president of
the National Association of Apartment
House Owners.
To Discuss Operation.
Arthur S. Kirk of the Chamberlain
Kirk Co., Des Moines, Iowa, will talk
on Building and Operating a Man.
agement Business" George F.. Ander-
son. Chicago, will address the Manage
ment Institute on Security Devices in
Leases
The collection of proper data and
its use is of increasing Importance not
only for the appraiser, but also in SELL
ing, leasing and mortgaging property.
A. N. Gitterman, M. A. l., managing