Minneapolis-based U.S. Bank Home Mortgage, Freddie Mac, and the Community College Foundation have launched The Five Star Service Express, a bus converted into an Internet-ready financial service center that will travel around the Twin Cities in September and October.U.S. Bank said a team of bankers, mortgage professionals, and small business specialists will team up with representatives from neighborhood nonprofit organizations on the bus to promote financial education and homeownership. "We hope to hear from individuals who want to own their first home, start or expand their family business, or maybe even get their credit history back on track," said Ed Shanks, executive vice president of U.S. Bank Home Mortgage and coordinator of the project. "We will advise them, help them plan, and can even take an online application or open a checking or savings account if they're ready to take that step." The project's sponsors can be found online at http://www.usbank.com, http://www.freddiemac.com, and http://www.communitycollege.org.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









