HOPKINSVILLE, Ky. - (09/10/04) -- Fort Campbell FCU announced Thursdayit will extend its Home Front Mortgage program, which providesmortgage assistance to active military personnel stationed at FortCampbell, for another year, until June 2005, in order to givesoldiers returning from Iraq a chance to participate. The programallows soldiers at Fort Campbell to buy homes in Kentucky orTennessee with no down payment and allows for greater underwritingflexibility. Under the program, introduced in May the credit unionis originating the loans and Fannie Mae has committed to buying $5million worth of the mortgages.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
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CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
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The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
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