Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
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FHLBank San Francisco awards $1M in grants

Money goes to foster community development

san fran houses

The Federal Home Loan Bank of San Francisco awarded $1 million in grants through its Access to Housing and Economic Assistance for Development Program, the bank said this week.

Furthermore, the grants will be used by nonprofit organizations in Arizona, California and Nevada for projects and programs that foster economic development and promote community stability and self-sufficiency.

"The AHEAD Program allows us to strengthen relationships between bank members and nonprofit groups that have special expertise in economic and community development," said Stephen Traynor, senior vice president of financial services and community investment at the bank.

"We are pleased that our grants will help get these projects off the ground," he added. 

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