Lending

WASHINGTON -- Fannie Mae today reported a third-quarter loss of $29 billion and warned in a filing with the Securities and Exchange Commission that it could have a negative net worth by the end of the year.

WASHINGTON -- Fannie Mae today reported a third-quarter loss of $29 billion and warned in a filing with the Securities and Exchange Commission that it could have a negative net worth by the end of the year.

LANSING, Mich. -- The Michigan Credit Union League pledged support Friday for Gov. Jennifer Granholm's economic stimulus package, calling a $150 million program of depositing funds into credit unions and banks a worthy endeavor particularly "when contemplating expanded financial counseling and small business lending" by CUs.

WASHINGTON - The National Association of Realtors was today granted a federal charter for its own credit union.

WASHINGTON -- The Small Business Administration said it is committed to ensuring a smooth transition from President Bush's eight-year administration to the new one under President-elect Barack Obama.

SACRAMENTO -- In an attempt to combat foreclosures, Gov. Arnold Schwarzenegger has called for a 90-day moratorium on foreclosures.

WASHINGTON -- A year-end review and a rural housing loan program will be the subjects of free NAFCU sponsored interactive seminars next week.

AUSTIN, Texas -- Teres Solutions has added a new module to its lineup of direct and indirect lending software aimed at linking credit unions to merchants.