Lending

DURHAM, N.C. - Latino Community Credit Union had 508 participants in its Spanish-language financial education workshops during January 2006. The $22 million CU began the new year with a series of free workshops that show immigrants and low-income families how to improve their finances. Topics included the benefits of a...

WASHINGTON - Joseph Loddo, district director of the SBA's Washington Metropolitan Area District Office, hosted the agency's Feb. 23 Web chat on financing strategies for small businesses. Loddo addressed the topic of SBA financing for small businesses, and provided information and resources on different types of loans for small businesses,...

WASHINGTON - The five federal financial regulatory agencies have extended the comment period on the proposed guidance on nontraditional residential mortgage products. The agencies - the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and...

WASHINGTON - The Mortgage Bankers Association released the findings of a study it did concerning the damage to properties in New Orleans from Hurricane Katrina, and the news is definitely sobering. The association estimates the cost of repairing the 95,000 properties in the city damaged by floodwaters from Hurricane Katrina...

ALEXANDRIA, Va. - NCUA recently reminded credit unions that cash flow may be assigned as collateral for an MBL if its market value can be established and if its value is sufficient to satisfy the MBL rule's loan-to-value (LTV) requirements. The Cypress Group, LLC, a Florida-based MBL CUSO owned by...

WASHINGTON - As the SBA's 7(a) loan program enters its third year at a zero subsidy, the agency recently requested $17.5 billion to keep it going for fiscal year 2007. On Feb. 6, SBA requested a 2007 proposed budget of $624 million which authorizes $28 billion in loan and venture...