HOUSING: The Loan Scandals

Dwight Eisenhower is passionately determined to keep the breath of scandal away from his Administration. Last week this determination erupted into the firing of the Federal Housing Commissioner, Guy T. O. Hollyday, though no one sus pected him of wrongdoing. Eisenhower simply got impatient at what he consid ered Hollyday's too-relaxed attitude to ward old scandals in the FHA.

Section 608. The President's indignation was fixed on rackets that have been well known for years. They grew out of two much-abused FHA regulations. The first, known as Section 608, provided FHA insurance for as much as 90% of mortgages on...

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