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Tag Archives: lending

SBA sees record number of loans in fiscal 2011

As the Small Business Administration’s fiscal year draws to a close, representatives from the SBA’s federal office in Washington, D.C. and the regional office in Buffalo say they’ve issued a record number of loans in 2011 — despite the re-implementation of SBA guarantee fees charged to borrowers.

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HUD aims to stop lenders’ discrimination

Last year the U.S. Department of Housing and Urban Development launched an investigation into the lending practices of select mortgage lenders to determine if they committed Fair Housing Act discrimination in denying mortgages to families because a woman is pregnant or about to go on a pregnancy-related leave of absence.

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Banks unlikely to quell doc mess

WASHINGTON, D.C. — Big lenders are trying to move past the foreclosure-document mess, saying they're now confident their paperwork is accurate. Yet they face so much organized resistance that they can't just snap up their briefcases, declare the crisis over and move on.

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Americans’ credit scores sink to new lows

WASHINGTON, D.C. — The credit scores of millions more Americans are sinking to new lows. Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 ...

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