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MED Week Begins With Government Contracting 101

In these tough economic times, federal contracting can provide the perfect opportunity for small businesses to grow and create jobs. To assist small businesses with this benefit, the Minority Business Development Agency (MBDA) kicked off this year’s Minority Enterprise Development (MED) Week conference with a plenary session on winning government contracts.

Robert Johnson Creates Lending Facility for Mortgage Servicers

Through Urban Trust Bank, Robert L. Johnson created a new entity, Homeowners First Bank. Homeowners First is an advanced lending facility or a bank designed specifically to provide temporary, advance funding to mortgage servicers. Mortgage servicers are the middlemen, who may or may not be the same company as the lender, but who retrieve money from borrowers on behalf of lenders.

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