Several CDCs in the Memphis area have partnered with Seedco, the national economic development intermediary, to form a mortgage loan network. Members can either create their own mortgage brokerages or refer clients to other members. They agree to charge fees set by the network, which will be lower than those of for-profit brokers. The idea is to enable small CDCs to offer mortgage loans, without worrying that they will not have enough volume to provide the service. (Seedco Fieldnotes, Summer 2006)
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