Publisher's Synopsis
Excerpt from Farm-Mortgage Lending: Experience of 20 Life Insurance Companies, Federal Land Banks, and Farmers Home Administration; October Through December 1963
The 20 reporting life insurance companies increased their lend' ume by 27 percent over fourth quarter 1962. Number of loans closed 1 9 percent, while the average size of loan, at about was up 1 The volume of mortgage loan commitments made during the fourth quarto indication of future lending activity -was M6 percent larger than in earlier quarter. The purposes for which mortgage funds were committe little change during the quarter. About 35 percent of the money was used for purchase of farm real estate, M9 percent for the refinancing and the remainder for various other purposes.
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