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Savings Associations Mortgage Co

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February 27, 1991 | James S. Granelli/Times staff writer
Samco Growing: Beverly Hills Federal Savings Bank in Laguna Hills and Landmark Bank in La Habra are the latest Orange County financial institutions to join a statewide consortium of lenders that fund mortgages for low-income housing. The consortium, the Savings Assns. Mortgage Co. in Santa Clara, provides the institutions with a supplemental way to fulfill their obligations under federal law to meet some of the needs of their communities.
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BUSINESS
June 12, 1991 | James S. Granelli / Times staff writer
More Join Consortium: Orange County banks and savings and loans continue to join the Savings Assns. Mortgage Co. in Santa Clara to help them fulfill federal requirements to provide financing for low-income housing. Union Federal Savings Bank, the subsidiary of UnionFed Financial Corp. in Brea, became the 12th county thrift to join the association, and National Bank of Southern California became only the second county bank to join the consortium of lenders.
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BUSINESS
April 20, 1986
John Willoughby, 49, vice president and loan manager at Household Bank, a federal savings bank headquartered in Westminster, has been elected to a one-year term on the board of directors of the Savings Associations Mortgage Co., a Santa Clara organization formed in 1971 to help finance community redevelopment. Household, a subsidiary of Illinois-based Household International, is one of 39 state-chartered S&Ls that formed and finance SAMCO.
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