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Washington
Inside Washington (04/02/2009)
* WASHINGTON (4/3/09)--Karen Mills, President Barack Obama’s nominee to lead the Small Business Administration (SBA), said during her confirmation hearing, that she will reach out to non-SBA lenders to revive lending. New technology could be used to connect borrowers and lenders more efficiently, she added. The hearing was before the Senate Small Business Committee Wednesday (American Banker April 2) ... * WASHINGTON (4/3/09)--National Credit Union Administration Vice Chairman Rodney E. Hood yesterday addressed the American Credit Union Mortgage Association (ACUMA) Spring Conference in San Francisco. During the event, Hood stressed that credit unions should seize this opportunity to engage in responsible mortgage lending. He emphasized the importance of pre- and post-purchase counseling as well as rent-to-own strategies that provide the financial education necessary to eventually sustain homeownership. From left are Hood and John Reed, chairman of ACUMA board of directors and president/CEO of Maine Savings FCU, Hampden, Maine. (Photo provided by the National Credit Union Administration) ...


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