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Washington
Inside Washington (12/27/2007)
* WASHINGTON (12/28/07)--The Office of Enterprise Housing Oversight (OFHEO) has classified Freddie Mac and reaffirmed Fannie Mae as adequately capitalized as of Sept. 30. Both have released financial results publicly. Fannie reported a 5.9% surplus above the OFHEO requirement, while Freddie Mac’s surplus was 1.7% … * WASHINGTON (12/28/07)--The Small Business Administration (SBA) seeks to increase Export Express’ loan minimum to $350,000 and rid some application paperwork, according to Richard Ginsburg, SBA senior international trade specialist. Export Express is SBA’s export loan program for small businesses. The agency also is working on a marketing strategy that would include outreach to lenders (American Banker Dec. 26). The changes, which aim to make Export Express more attractive, will be effective before Sept. 30, when fiscal year 2008 is complete. If the changes are successful, the program will be permanent …


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