Lending

WASHINGTON -- Due in part to less creditworthy applicants, the Small Business Administration said loan activity in August and September declined by more than 50% compared to the same period in 2007.

WASHINGTON -- In another effort to increase the flow of credit, the Federal Reserve announced today that it will purchase short-term debt.

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

CHICAGO -- The National Association of Realtors and the Department of Housing and Urban Development have launched a Federal Housing Administration tool kit.

WASHINGTON -- Fannie Mae has canceled the increase in adverse market delivery charges scheduled to go into effect next month.