Lending

Legislative efforts to provide affordable housing, mortgage debt relief, save homes, and prevent foreclosures are stacking up as lawmakers scramble to stem the tide of foreclosures.

The steady drumbeat for credit unions to seize the opportunity to boost their mortgage market share is resonating throughout the country as CU specialists organize smaller groups to capture member real estate loans.

Greylock Federal Credit Union Senior Vice President of Business Banking Don Kuczarski told the House Small Business Committee that restoring SBA funding was important to credit unions' business offerings.

Sandford "Sandy" Blitz is the Small Business Administration's new Region I director overseeing district offices in Maine, New Hampshire, Vermont, Massachusetts and Connecticut.

Sandford "Sandy" Blitz is the Small Business Administration's new Region I director overseeing district offices in Maine, New Hampshire, Vermont, Massachusetts and Connecticut.

A long-time member of Michigan First Credit Union recently became the financial institution's first commercial loan recipient.

Dupaco Community Credit Union recently became the first financial institution in Iowa to approve a Patriot Express loan, the Small Business Administration said.

The Small Business Administration's Gulf Opportunity Pilot Loan program, which provides loans for small businesses impacted by 2005's hurricanes, has topped the $55 million mark.