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SBA Welcomes $15 Billion to Thaw Credit Markets

By Michelle A. Samaad

The Small Business Administration said it is ready to get "much-needed capital" into the hands of small business owners.

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Utah's Small Biz Jobs Receive Mountain America Backing

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SBA Hosts Recovery Act Web Chat

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March 11, 2009

Pennsylvania CUs Make Almost 15,000 Payday Alternative Loans, Association Says

Credit unions participating in the Credit Union Better Choice program have made almost 15, 000 loans to consumers seeking an alternative to higher cost payday loans, according to the Pennsylvania Credit Union Association.

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March 10, 2009

Picatinny Attorney: McGrath Had Accomplices

Former U.S. Mortgage Corp. President/CEO Michael McGrath isn't the only U.S. Mortgage employee implicated in the fradulent scheme of selling $14 million worth of mortgage loans to Fannie Mae.

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March 09, 2009

Wisconsin Regulator Hits Central States Closing

The Wisconsin Division of Banking Tuesday called the abrupt closing of Central States Mortgage Co., the Milwaukee CUSO, discomforting and "extremely unusual" for an operation its size.

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March 09, 2009

Picatinny FCU Sues Fannie Mae

The $247 million Picatinny Federal Credit Union is continuing to take the legal lead among credit unions victimized by vendor U.S. Mortage Corp. and its credit union division, CU National Mortgage.

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March 09, 2009

Central States Closing Draws More Fireworks

The sudden closing of Central States Mortgage Co., a Wisconsin CUSO with 25 CUs and the Wisconsin Credit Union League as shareholders, set off a new round of charges Tuesday.

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March 05, 2009

Consumer Credit Rises

Credit union consumer lending rose to $240.2 billion in January, up from $237.l6 in December, the Federal Reserve reported today.

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March 04, 2009

Concerns Prompt SBA to Reconsider Goodwill Loan Policy

In response to lenders concerns, the Small Business Administration said it will consider larger "goodwill" amounts on a case by case basis through Aug. 31.

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Lending

Top Lending Stories

SBA Welcomes $15 Billion to Thaw Credit Markets

Utah's Small Biz Jobs Receive Mountain America Backing

SBA Hosts Recovery Act Web Chat

Recommended Just For You

Lending Stories

Pennsylvania CUs Make Almost 15,000 Payday Alternative Loans, Association Says

Picatinny Attorney: McGrath Had Accomplices

Wisconsin Regulator Hits Central States Closing

Picatinny FCU Sues Fannie Mae

Central States Closing Draws More Fireworks

Consumer Credit Rises

Concerns Prompt SBA to Reconsider Goodwill Loan Policy