Lending

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.

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.

LANSING, Mich. -- The Michigan Credit Union League pledged support Friday for Gov. Jennifer Granholm's economic stimulus package, calling a $150 million program of depositing funds into credit unions and banks a worthy endeavor particularly "when contemplating expanded financial counseling and small business lending" by CUs.

WASHINGTON - The National Association of Realtors was today granted a federal charter for its own credit union.

WASHINGTON -- The Small Business Administration said it is committed to ensuring a smooth transition from President Bush's eight-year administration to the new one under President-elect Barack Obama.