ARET + F.A.M.C. = SYNERGY the following gives a clue:
The following is cuts from this site which content is a resume from a meeting discussing investment in native community.
occ.treas.gov
Summary of 'Home Mortgage Lending in Indian Country'
panel of the Banking in Indian Country Conference
Julia T. Brown, Community Reinvestment and Development Specialist of the OCC's Western District Office was the moderator of the panel composed of:
Larry E. Scrivner, Chief, Division of Real Estate Services, Bureau of Indian Affairs (BIA);
Karen Garner-Wing, Director, Loan Guarantee Program, HUD-National Office of Native American Programs;
H. Beth Marcus, Director, National Housing Impact Division, Fannie Mae;
and Dustan R. Shepherd, President, First Americans Mortgage Corporation.
(Donna Fairbanks of the Minnesota Housing Finance Agency, scheduled to be a panelist, did not participate due to illness.)
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Dustan Shepherd described his experiences as a private lender dedicated to increasing lending to borrowers in Indian country.
He reiterated remarks previously made by Comptroller Ludwig that lenders interested in this market need to visit the reservations and learn about the customs and traditions of Native Americans.
To illustrate that this lending segment can be profitable, he estimated that $500 million in loans can be made in Navajo Indian country in the next several years. He also reminded lenders that the government guarantee on many of these loans makes this market less risky than other loan programs.
EOM
see link for further
Kr
Jens
!!! Thanks to James Lee Baldwin for finding this information.
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