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.Read More »
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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Treasury sells two-year bonds at record low yields
NEW YORK CITY — Investors are lending money to the government at a record low rate for two-year debt. The Treasury sold $35 billion in two-year notes on Tuesday ...
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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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Survey: Biz lending standards eased
WASHINGTON, D.C. — Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday .
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Second Circuit: Borrower not bound by arbitration clause
(Dolan Media Newswires) — A borrower seeking class-wide relief was not required to arbitrate a lawsuit alleging that his lender charged excessive interest rates for student loans, the Second Circuit has ruled.
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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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TARP banks cut lending to Rochester minorities
A report released May 13 says the number of low-cost home loans made between 2006 and 2008 dropped significantly and that minorities were affected most by the decline in lending.
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