From inception of this new program on September 15, 1954, to January 1, 1958, 7,158 direct and insured loans to individuals had been made. On the same date 811 borrowers had paid in full their principal indebtedness of $2,948,362 and had made interest payments of $172,951, including insured loan charges. Of the 6,347 borrowers receiving loans of $32,515,484 who still owe balances, 1,339 were ahead of their scheduled payments, 1,642 were behind their scheduled payments, and 3,366 were on schedule. As of January 1, 1958, direct and insured loans had been made to 110 associations. Three associations borrowing $12,950 had paid in full. Of the 107 associations owing balances, 27 associations were ahead of schedule, 35 were behind schedule, and 45 were on schedule as of January 1, 1958. See tables III, IV, V, and VI for distribution by States. TABLE I.-Soil and water conservation loans to individuals and groups: Number and amount of direct loans, 1958 fiscal year and cumulative from inception, Sept. 17, 1954, through June 30, 1958 NOTE.-Loan costs representing such things as recoverable advances for taxes and insurance, the occasional purchase of a first mortgage, recording fees, etc., are included in the amount for subsequent loans and in the cumulative total column. Wherever an amount appears where there is no number of loans, the entire amount is for loan costs. Some of the loan costs are in connection with water facilities loans made in prior years. |