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1st Trust joins Freddie's program plus network. (Commercial).


1ST TRUST BANK FOR SAVINGS, MEMPHIS, Tennessee For the ancient Egyptian capital, see .

Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River.
, has been approved as the newest member of Freddie Mac's Program Plus[R] network, making it eligible to sell loans secured by properties in Tennessee Tennessee, state, United States
Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States.
, Mississippi and Arkansas.

1st Trust Bank for Savings is a federally chartered savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest.  whose primary purpose is to provide real estate financing for residential housing and multifamily properties throughout the Southeast.
COPYRIGHT 2003 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

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Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 1, 2003
Words:64
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