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Latest News

—Rendering courtesy of NBBJ Architects

Medical school aims to be rolling before end of decade

Inland Northwest impact put at $1.6 billion by 2030, but rests on assumptions
February 24, 2011
Kim Crompton
Despite sizable hurdles that seemingly could thwart—or at least delay—plans for a proposed four-year medical school here, unflinching backers of the school remain convinced it could be up and producing graduates as soon as 2018."That's
Read More

Government's role in housing finance to shrink, ABA says

Group says policy makers should abandon search for 'silver bullet'
February 24, 2011
The role of government in housing finance should be reduced dramatically from its current level, American Bankers Association President and CEO Frank Keating said in a letter sent to federal officials earlier this month.The letter focused on
Read More

SBA initiatives to bolster small-business lending

Agency's new programs include efforts to attract larger number of lenders
February 24, 2011
Effective Feb. 15, lenders who participate in the U.S. Small Business Administration's Preferred Lender Program can approve loans through the agency's new Small Loan Advantage program, the federal agency says. At the same time, the agency will from
Read More

Minorities' access to loans fell more than whites' in slump

Survey finds disparities in how much borrowers could get based on race
February 24, 2011
ComplianceTech, an Arlington, Va.-based provider of technology and mortgage data analysis, has released results of a study that it says shows a significant decrease in home mortgages to blacks and Latinos in comparison to non-Hispanic whites since
Read More

Access to mortgages seen as serious problem, study finds

Respondents say simpler, more understandable lending process needed
February 24, 2011
Four years after widespread subprime mortgage defaults touched off an international financial crisis, getting a mortgage today is so difficult that two out of three Americans believe access to affordable mortgages is a serious problem, says recent
Read More

Sold mortgages found less likely to be renegotiated

Borrowers who fall behind on payments can modify easier if banks own loans
February 24, 2011
News Wise
One factor, little known by borrowers, can play a large role in whether banks are willing to renegotiate mortgages with homeowners who are struggling to meet payments.Unfortunately, it is a factor that homeowners have no control found that owned
Read More

RiverBank posts $1 million loss; loans, deposits decline

Five-year-old boutique institution's assets fell 8 percent to $140 million
February 24, 2011
Kim Crompton
RiverBank, which opened for business here in 2006 and notched its first profitable calendar year in 2009, slid back last year to a net loss of slightly over $1 million, according to data it has filed with the Federal Deposit Insurance Corp.That
Read More

INB parent reports 2010 gains, fourth-quarter loss

CEO attributes recent loss to property depreciations, cites overall improvement
February 24, 2011
Mike McLean
Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported net income of $267,000, or 10 cents a diluted share, for all of last year, compared with a net loss of $3.9 million, or $1.63 a share, for all of the the
Read More

USDA-backed mortgage program grows in popularity

Rural Development loans provide zero-down option for middle-income earners
February 24, 2011
Mike McLean
Homebuyers of moderate means in rural Inland Northwest communities are discovering U.S. Department of Agriculture-backed mortgages as one of the last zero-down alternatives available today.Demand for loans guaranteed by the USDA's Office of has
Read More

FHA needs to scale back, analysts say

Study says federal agency should get out of low-down, high-dollar lending market
February 24, 2011
The Federal Housing Administration has moved into uncharted, risky territory over the last few years as its market share and focus on higher balance mortgages has risen sharply, says a new study released by the George Washington University School
Read More
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