Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (01/23/2008)
* WASHINGTON (1/24/08)--On Tuesday, Steven Preston, head of the Small Business Administration (SBA), said that loan volume for SBA’s signature loan program has decreased, and that originations dropped to 20,000 in the fourth quarter (American Banker Jan. 23). The agency is attempting to expand participation in its loan guarantee program, but Preston noted several roadblocks: slow loan turnaround times, a lack of support services for lenders, complex rules and paperwork. Because of these roadblocks, the SBA has lost 368 financial institutions the past two years--a 7% decline, Preston said. In November, the agency started a program to speed up payments of loan guarantees, but it faces challenges such as inefficient workflows and information technology systems. It could take until April or May to streamline the program, he said ... * WASHINGTON (1/24/08)--Rev. Jesse Jackson met with three Department of Housing and Urban Development (HUD) officials Tuesday after his Rainbow Push Coalition met at HUD’s offices to rally for action on the foreclosure crisis (American Banker Jan. 23). The coalition was briefed on Federal Housing Administration loans and a Hope Now alliance plan that would freeze starter interest rates on certain subprime mortgages. Meeting participants included FHA Commissioner Brian Montgomery, HUD Secretary Alphonso Jackson and Deputy Secretary Roy A. Bernardi ...


RSS





print
News Now LiveWire
How the '78 #blizzard in NY pushed the popularity of #ATMs http://t.co/Y7Own4ekzY #WinterStormJuno
28 minutes ago
#NewsNow Chicago Tribune column: CU membership worth the switch http://t.co/OtGQeS0IpM
53 minutes ago
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
1 hour ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
17 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
19 hours ago