Clarksville, TN – F&M Bank was the first Mortgage lender in Tennessee approved to offer the Tennessee Housing Development Agency’s (THDA) “Take Credit” program. Take Credit is a Mortgage Credit Certificate (MCC) program authorized by Congress in the 1984 Tax Reform Act.
A MCC is a not loan, it is applied for with a mortgage and permits eligible homebuyers to take a federal tax credit up to $2,000 maximum per year based on the mortgage interest paid by the homebuyer.
Branching out allows your retirement savings to weather different seasons
Clarksville, TN – There are many factors to consider when it comes to planning for a secure and fulfilling retirement – from how you’ll fill your time to where you’ll live and how you’ll pay for it all. One solution is diversifying your retirement income.
Similar to asset allocation among your investments, this approach advocates establishing independent streams of income that could provide needed cash flow under a variety of circumstances. The big idea is to put your eggs in several baskets since none of us know what the markets will do over 20 to 30 years of retirement, much less how long we’ll need our money to last.
Clarksville, TN – Altra Federal Credit Union will open their new branch located at 2625 Wilma Rudolph Boulevard on Tuesday, October 13th. This location will replace their location at 184 Stone Container Drive in Clarksville, TN which will close on Friday, October 9th.
This 4500 square foot state of the art branch features SAM, Altra’s Smart deposit taking ATM in the lobby and Drive Up.
Los Angeles, CA – Two in five U.S. military members have a difficult time paying their monthly bills, 38 percent of military homeowners have an underwater mortgage and more than a third use risky borrowing methods like payday loans to get fast cash1.
Customer-Centric Business Banking Center Expands Mid-State Footprint
Nashville, TN – First Advantage Bank has expanded into Williamson County, opening its second Nashville-area business banking location in less than a year.
The new site, located at 1212 Murfreesboro Road (Highway 96) in Franklin, TN, is a strategic move by the Clarksville-based community bank to continue growing its commercial lending presence in Middle Tennessee and deliver a high-tech, streamlined, and deeply personalized banking experience.
Sentiment Stable as Employment Measure Records Third Straight Month in Positive Territory
Yonkers, NY – The Consumer Reports Index, an overall measure of Americans’ personal financial health, shows Americans are reporting significantly fewer financial troubles. The Index’s trouble tracker measure fell sharply to 34.0 from 41.7 a month earlier—the lowest level since the organization first measured it in April 2009.
The Consumer Reports trouble tracker has dropped more than 50 percent from its high-water mark in September 2009, when this measure reached 68.7. The greatest drop in financial difficulties over the past 30 days was among those in households earning less than $50,000, followed by the most affluent in homes earning $100,000 or more. Amidst this general drop in financial difficulties, middle-income Americans experienced a slight rise in financial troubles. «Read the rest of this article»
Denise Alexander, vice president and operation manager for F&M’s mortgage department has been promoted to senior vice president of F&M Bank.
Yvonne Witzler, assistant vice president and manager of F&M’s mortgage office in Clarksville has been promoted to vice president of F&M Bank.
Clarksville, TN – Representatives of the United States Department of Agriculture’s Guaranteed Rural Housing (GRH) Program presented its prestigious Premier Lender for 2012 award to representatives of F&M Bank.
Making the presentation are Deneen Clayton and Shinika Jenkins, GRH loan specialists, and Don Harris, GRH Housing program director. Accepting the award for F&M are: DeWayne Olive, executive vice president and chief financial officer; Denise Alexander, vice president and mortgage operation manager; Yvonne Witzler, assistant vice president and manager for the bank’s Clarksville mortgage office; and Rodney Wilds, manager for the bank’s Brentwood mortgage office.
Eligibility Broadened, Funding Increased
Nashville, TN – A program that has helped thousands already is broadening its limits to make an even greater impact.
Tennessee Housing Development Agency (THDA) administers the federal foreclosure prevention program in Tennessee under the name Keep My Tennessee Home. Answering simple questions at www.KeepMyTNHome.org establishes eligibility. The program is designed for homeowners who have lost 30% or more of their income.
Over 2,400 Tennessee households have received financial assistance since the program began in January 2011. «Read the rest of this article»
New York, NY – The benchmark conforming 30-year fixed mortgage rate retreated from 4.38 percent to 4.33 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points.
The average 15-year fixed mortgage inched lower to 3.57 percent while the larger jumbo 30-year fixed rate held steady at 4.89 percent. Adjustable rate mortgages were mostly lower, with the average 5-year ARM dropping to 3.22 percent and the 7-year ARM sliding to 3.43 percent. «Read the rest of this article»
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