Lending

SPOKANE, Wash. - In its largest loan transaction to date, Spokane Teachers Credit Union is doing its part to preserve one of the area's historic fixtures. The credit union recently provided $4.37 million in financing for the 74,521-square foot Peyton Building, named for Colonel Isaac Peyton, a land developer who...

SAN RAFAEL, Calif. - Fair Isaac Corp. has launched an online service, MyFICO.Com, designed to help consumers instantly compare competing loan rates based on their FICO credit scores, instead of comparing only the premium rates lenders advertise but typically only offer exclusively to people with the highest FICO scores. The...

RANCHO CUCAMONGA, Calif. - CU West Mortgage, a mortgage lending company formed in December by the California Credit Union League and Orange County Teachers FCU, is celebrating several notable milestones. Earlier this month, the company was approved to make loans through the California Public Employee Retirement Systems (CalPERS), which provides...

MCLEAN, Va. - Nearly half - 45% - of loans owned by Freddie Mac that were refinanced in the fourth quarter 2003 resulted in new mortgages at least 5% higher in amount than the original mortgages. This compares, Freddie Mac's quarterly refinance review shows, to an upwardly adjusted 34% of...

WASHINGTON - The Department of Housing and Urban Development will use the Internet on Feb. 27-28 to sell up to 4,000 homes it acquired through foreclosure throughout the continental U.S. HUD plans to publicize the auction in major newspapers around the country and use special procedures in listing homes for...

WASHINGTON - Treasury Secretary John Snow is scheduled to testify Sept. 4 in front of the House Financial Services Committee on the regulatory structure of the housing government sponsored enterprises Freddie Mac and Fannie Mae. Committee members are expected will ask Snow to comment on suggestions that regulation of the...