Lending

WASHINGTON -- Sales of new homes fell 5.3% in October and were 40% below the levels of October 2007, the Commerce Department reported today.

WASHINGTON -- A new proposal to have the federal government provide capital to community banks and credit unions could rely on a type of financial and regulatory instrument last used in the early 1980s.

WASHINGTON -- The New America Foundation is proposing the government set up a fund that can provide long-term equity to banks and credit unions that meet certain standards when serving their communities.

WASHINGTON -- The National Credit Union Foundation's seventh and eighth Innovation Grants for 2008 will assist smaller credit unions manage governance issues and help lower income credit union members escape predatory car loans.

NEW YORK -- The National Federation of Community Development Credit Unions and the Coalition of Community Development Financial Institution Coalition have requested the Treasury set aside...

MCLEAN, Va. -- A weak job market-described by some as the worst market in 14 years for job seekers-has caused interest rates to decline.