Ken Neeley
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University Bank, Freddie Mac agree to back $100 million in loans for Islamic home buyers
By Tom Henderson
Feb. 21, 2006 12:03 PM
University Bank of Ann Arbor announced Monday that it has entered into an agreement with Freddie Mac to back up to $100 million in non-interest mortgage loans for Islamic home buyers.
This will allow University Bank (Nasdaq: UNIB) to expand its loan program in the Muslim community and to offer a wider variety of loan packages, said Stephen Ranzini, the bank
http://www.detroitbusiness.com/cgi-bin/news.pl?newsId=8005