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Tag Archives: loan

Walker & Dunlop buys loan business

Walker & Dunlop, of Bethesda, a provider of commercial real estate financing services, announced it has a deal to acquire Johnson Capital’s loan origination and servicing business. Johnson Capital, a commercial real estate mortgage company, has originated $1.3 billion in ...

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Deadline nears for SBA disaster loan applications

The U.S. Small Business Administration has issued a reminder to homeowners, renters, businesses and nonprofit organizations in Maryland that the deadline is Sept. 29 to submit disaster loan applications for damages caused by flooding on June 12. Low-interest disaster loans ...

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FHA to draw $1.7B from Treasury to cover losses

WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their ...

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EDC hired firm to respond to SEC on 38 Studios

PROVIDENCE, R.I. — Rhode Island’s economic development agency hired legal counsel to respond to an inquiry from the federal Securities and Exchange Commission about its $75 million loan guarantee to former Red Sox pitcher Curt Schilling’s failed video game company. ...

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Sun sets on Western Sky’s payday loans in Maryland (access required)

The Maryland Division of Financial Regulation issued a final order Thursday telling an online payday lender to cease lending and collecting on loans to the state’s consumers, saying the unlicensed company had been charging usurious annual personal-loan rates of between 120 percent and 1,825 percent.

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