The bank envisages increasing the volume of lending by AMD 10bln in 2011 due to development and introduction of new credit products. View full post on All Stories
The U.S. Small Business Administration has set up centers in St. Louis County and Franklin County so victims of the New Year’s Eve storms can apply for low-interest loans to repair their homes and bus View full post on All Stories
Fannie Mae reported that its new business acquisitions during 2010 were $0.9 trillion. Volume was slightly higher than secondary marketing activity reported for 2009. In fact, the last time business was this good was 2003, when Fannie bought more than $1 trillion. View full post on Mortgage Stories
ATLANTA–(BUSINESS WIRE)–The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes located in Alabama because of drought and excessive heat that began on March 1, 2010. The SBA’s disaster declaration includes the following counties: Autauga, Baldwin, [...]
Four months ago, NexBank launched a new warehouse lending product. The lender was targeting small- and mid-sized banks, mortgage bankers and large mortgage brokers. This month, NexBank reported that 30 percent growth at its mortgage division during the second half of this year was fueled mostly by growth at its warehouse mortgage group. View full [...]
NEW YORK–(BUSINESS WIRE)–Citibank Launches Enhanced CitiBusiness® Preferred Banking; The new package for the first time includes five free wires a month; also offers best rates on loans, free Citigold® personal account View full post on All Stories
NEW YORK–(BUSINESS WIRE)–Loss severities on distressed U.S. residential mortgage loans are likely to increase an additional 5-10% from current levels due to higher loss mitigation and foreclosure expenses and weakening home values, according to the latest RMBS Performance Metrics results from Fitch Ratings. The anticipated increases for each sector’s average loss severities are expected to [...]
Getting a business loan is a lot easier than you might think. You just need to know a few secrets that will help you avoid some of the common mistakes most entrepreneurs make when applying for loans. View full post on All Stories
ATLANTA–(BUSINESS WIRE)–The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations located in Pennsylvania of the deadline to submit disaster loan applications for damage caused by the severe storms and flooding that occurred on Sept. 30, 2010. The deadline to file an SBA disaster loan application for physical damage is Jan. 14, 2011. [...]
Ginnie Mae reported that the volume of mortgage-backed securities it guaranteed during September was off slightly from August. Volume was down 15 percent from September 2009. More recent data from eMBS indicates that October volume was even worse. View full post on Mortgage Stories
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