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WASHINGTON -Senate Banking Committee Chairman Richard Shelby (R-Ala.) was joined by six other senators Jan. 25 in reintroducing the Community Choice in Real Estate Act, S. 98. The other six senators included: Sens. Wayne Allard (R-Colo.), Conrad Burns (R-Mont.), Hillary Rodham Clinton (D-N.Y.), Russell Reingold (D-Wis.), Johnny Isakson (R-Ga.), and...

RALEIGH, N.C. - Low to moderate income members of State Employees CU who purchase their first home and finance it through the credit union will now be able to take advantage of the Federal Home Loan Bank of Atlanta's First-Time Homebuyer Program because of the $12 billion in assets credit...

WASHINGTON - Three more executives have stepped down from their positions with Fannie Mae in the wake of allegations that the housing Government Sponsored Enterprise violated accounting rules and will have to restate the last four years worth of earnings. They include Jonathan Boyles, who oversaw accounting policy and tax;...

MINNEAPOLIS - Mortgage technology firm Dexma, one of two partners-the other being BECU-that formed Prime Alliance Solutions in 2000, handled approximately $209 billion in loan volume for its clients in 2004. Dexma's client list includes top lenders such as First Horizon Home Loans, U.S. Bank Home Mortgage, E*TRADE FINANCIAL, and...

WOBURN, Mass. - One year after it was spun off as a separate entity from Members Mortgage Company, MortgageClickT is celebrating the success of its first anniversary. Since its inception, MortgageClick - a multi-channeled, Web-enabled mortgage origination platform powered by Prime Alliance Solutions and Fannie Mae's desktop underwriter-has built over...

Many publications like to talk about how good they look. Every couple of years they undertake what is touted as a major overhaul to allegedly make their publications more reader friendly (whatever that means). When the new pretty face is ready to debut, the editor typically devotes his or her...

WASHINGTON - Credit unions interested in learning more about mortgage lending can register to attend any one of nine Housing Finance Institute 2005 sessions planned by Fannie Mae in eight cities throughout the U.S. The dates and locations are: Feb. 8-10, Miami; March 7-10 and Oct. 10-13, Chicago; April 5-7,...

BATON ROUGE, La. - It took two years of due diligence but Dow Louisiana Federal Credit Union says the research it gathered during that time will help launch its member business lending program. The $114 million credit union recently signed on with J.R. Bruno & Associates, a Glendora, Calif.-based business...