$2 Billion in Funding for GMACCM
GMAC Commercial Mortgage has been authorized to issue up to $2 billion in secured liquidity notes, a form of money market financing, to fund its originations and acquisitions of various assets.

Small Business Association Resumes Popular Loan Program Today
Jan. 14--The U.S. Small Business Administration will resume a loan program today that guarantees billions of dollars a year to small businesses looking to start or expand.

Prudential Mortgage Capital Originates $77 Million in Loans for Its Conduit
NEWARK, N.J., Jan 13, 2004 (BUSINESS WIRE) -- Prudential Mortgage Capital Company announced today that it has recently originated $77 million in loans for its conduit. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential...

TrueLink to Provide Credit Management Resources for Tips & Tools Section at INGDIRECT.com
SAN LUIS OBISPO, Calif., Jan 13, 2004 (BUSINESS WIRE) -- TrueLink, a leading provider of consumer credit management tools and operator of the web site TrueCredit.com, became the exclusive provider of credit reporting products for the Tips & Tools section...

When Shopping for Car Loans, Buyers Have the Advantage
DETROIT - After you ogle the edgy new fenders, the smart interiors, the ever-hip wheel rims, it's time to think about car loans. Not exactly the sexiest stuff, unless you think saving hundreds of dollars is sexy. Which it is.


Foreign Auto Financing Firms Approved
BEIJING, Jan 8, 2004 (Xinhua via COMTEX) -- The China Banking Regulatory Commission (CBRC) has approved applications from three foreign auto giants wanting to offer auto financing in China, one of the world's fastest-growing auto markets.

Subprime Lending: Beneficial For Arizona Economy
PHOENIX, Jan 9, 2004 (BUSINESS WIRE) -- Subprime mortgage lending provided an estimated $1.68 billion in spending power in Arizona during 2001, according to a report released today by the Arizona Financial Services Association.

How The Pros Got It Wrong
IF WE believe the big names, we can sit back and relax. There will be no crash and no negative equity, just rising house prices. Everything in the garden is rosy.

South Carolina High-cost And Consumer Home Loans Act
NEW YORK, Jan 8, 2004 (BUSINESS WIRE) -- Standard & Poor's Ratings Services announced today that it has reviewed the South Carolina High-Cost and Consumer Home Loans Act (the Act) that is to become effective Jan. 1, 2004. Based on its review, Standard...

Sen. Robert Bennett To Keynote National Conference Set To Examine New Federal Fair Credit Reporting Legislation
HACKENSACK, NJ, Jan. 08, 2004 (MARKET WIRE via COMTEX) -- Senator Robert Bennett (R-UT), the ranking member of Senate Banking who was deeply involved in passage of the Fair and Accurate Credit Transaction (FACT) Act, will keynote the nation's first comprehensive...


Online Lending Gathers Pace
Online securities lending platforms will be entering 2004 in a buoyant mood. While last year will hardly count as a breakthrough, volume growth was strong enough to persuade the doubters that electronic securities lending is here to stay.The year began...

Bsm Financial Streamlines Loan Process With Blitzdocs; Users Resolve Documentation Issues In Real-time
ADDISON, Texas, Jan 6, 2004 (BUSINESS WIRE) -- BSM Financial, a full-service mortgage banking operation, has increased workflow efficiencies, reduced operational costs and improved the quality of data after implementing BlitzDocs(TM), a Web-based solution...