Lending

PITTSFIELD, Mass. - Greylock Federal Credit Union recently earned the distinction of being the first credit union in the state to be designated as an SBA Preferred Lender. Under the agency's Preferred Lender program, Greylock can approve qualifying SBA loans with no additional reviews by government underwriters. In 2005, the...

WASHINGTON -House Financial Services Committee Chairman Michael Oxley (R-Ohio) and Ranking Member Barney Frank (D-Mass.) have notified Fannie Mae that the Committee intends to conduct an oversight hearing on the findings of a soon-to-be-finished report by former U.S. Sen. Warren Rudman on the internal controls, governance, accounting, capital, organization and...

TUKWILA, Wash. - Prime Alliance Solutions didn't let a little thing like the market's transition from a record-setting refinance boom to a purchase market, and a slow down in the overall market slow down its business in 2005. The company came through the year setting a new record for itself...

WASHINGTON - Senate Banking Committee Chairman Richard Shelby (R-Ala.) released the 2006 tentative agenda for the Committee on Jan. 31, and the tentative agenda states that the Committee intends to continue its efforts to seek a consensus to move a strong GSE regulatory reform bill through the Senate. According to...

McLEAN, Va. - In what marks the first installment on Freddie Mac's commitment to fund up to $1 billion in below-market rate mortgages for storm recovery in Mississippi and Louisiana, the housing Government Sponsored Enterprise announced it is making $40 million available in low-cost mortgages to residents in Mississippi who...

DURHAM, N.C. - Latino Community CU, with the help of the Federal Home Loan Bank of Atlanta, has provided $169,500 in home mortgage aid to 34 low-income families. To qualify for the mortgage assistance, the member must use the purchased home as their primary residence. The funds are provided as...