Items Tagged with 'Lakewood'


  • More Bankers Unite to Face Challenges

    In attempt to successfully wade the troubled waters of the economy, one national alliance of mortgage bankers is careful to continue its steady expansion. "Independent mortgage bankers must rely heavily on the help of their peers to transform today’s mortgage challenges into opportunities for growth," says Scott Stern, CEO of Lenders One. Following the addition of 42 new members in 2008, Lenders One Mortgage Cooperative continues to grow, adding seven new members to its cooperative in first-quarter 2009 and another six members in April.
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  • TARP Capital Purchases Remain Low

    Capital injections through the Capital Purchase Program (CPP) of the Troubled Asset Relief Program (TARP) picked up slightly last week. The Treasury Department funded $40.95m in stock purchases from six financial institutions in the week ending April 17 after its $22.8m in injections funded the previous week ending April 10. Weekly transactions in recent months illustrate a steady cooling off of CPP activity, with the Treasury funding $54.83m the week ending April 3, down from $192.96m in late March.
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