BATON ROUGE, La. - (10/12/05) -- Freddie Mac will announce anemergency program here Wednesday with members of the state'scongressional delegation to help finance low-interest loans forvictims of hurricanes Katrina and Rita. The secondary mortgagemarket giant will announce it is buying $1 billion worth oftax-exempt mortgage revenue bonds issued by state and local housingagencies to provide financing for emergency loans to as many as10,000 storm victims. The proceeds from the bonds will help theagencies provide the below-market rate loans to finance homerepairs and new construction.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3