USDA pulls 10 institutions from Rural Loan Guarantee Programs over delinquent loans

The USDA says it is removing 10 lenders from Rural Development guaranteed loan programs as part of an effort to reduce delinquencies and strengthen oversight. In a statement on Monday, Secretary Brooke Rollins says the lenders’ $620 million in overdue loans make up nearly half of the department’s delinquencies. Florida-based North Avenue Capital accounts for […]

The post USDA pulls 10 institutions from Rural Loan Guarantee Programs over delinquent loans appeared first on Brownfield Ag News.

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