BANKING/FINANCE
Compiled by James S. Granelli, Times staff writer
Low-Income Housing: San Clemente Savings Bank has joined 92 other financial institutions in 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 needs of their communities.
Eleven Orange County savings and loans and a county bank are among SAMCO’s members.
