In Brief: Knutson Participating In Bridal Registry Plan

Knutson Mortgage has signed up with the Department of Housing and Urban Development's homeownership bridal registry account

The program allows couples getting married to open a savings account with participating lenders. Family and friends can deposit cash wedding gifts directly into the interest-bearing account.

Thirty lenders nationwide participate in the program, which was announced by HUD Secretary Henry Cisneros this month. The initiative is one of several the Clinton administration is promoting to increase homeownership among young families, he said.

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