Lending

TUMWATER, Wash. -- Hoping to carve a local niche with small businesses, O Bee Credit Union has formed a new business-services department.

WASHINGTON - Fannie Mae and Freddie Mac have adopted a mortgage modification program that will speed up loan modifications for troubled loans held by the mortgage finance giants.

WASHINGTON - HUD has announced new, permanent FHA mortgage loan limits ranging from $217,050 to $625,000.

LENEXA, Kan. -- First Florida Credit Union will now have a new mortgage program thanks to a partnership with TruHome Solutions, a mortgage services CUSO.

NEW YORK - Citigroup has launched a new initiative to modify the mortgages that it holds.

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.