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Savings Association Mortgage Co

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July 17, 1991 | James S. Granelli / Times staff writer
Seized S&L a Member: Guardian Savings & Loan, the Huntington Beach thrift seized by federal regulators last month, has become the 101st member of the Savings Assns. Mortgage Co., the Santa Clara-based coalition of S&Ls and banks that arranges loans for low-income housing. Lenders pay SAMCO a one-time, $1,000 fee to have the organization handle the administrative end of evaluating and processing affordable home loans.
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BUSINESS
July 17, 1991 | James S. Granelli / Times staff writer
Seized S&L a Member: Guardian Savings & Loan, the Huntington Beach thrift seized by federal regulators last month, has become the 101st member of the Savings Assns. Mortgage Co., the Santa Clara-based coalition of S&Ls and banks that arranges loans for low-income housing. Lenders pay SAMCO a one-time, $1,000 fee to have the organization handle the administrative end of evaluating and processing affordable home loans.
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