Park Record Business Briefs for Feb. 11, 2006 | ParkRecord.com
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Park Record Business Briefs for Feb. 11, 2006

Allen licensed to teach mortgage lending

Berrett Mortgage loan officer Mary Allen announced recently that she has received her Utah State License to teach mortgage lending courses for the school of Mortgage Educators, Inc., a Leslie Petersen Enterprise. The courses include both pre-licensure and continuing education credited courses for state licensing.

Allen has worked in the mortgage lending industry for the past 20 years. She resides in Park City, where she has lived for the past seven years.

Allen’s office is located in the Park Record building at 1670 Bonanza Drive, Suite 205. She can be reached at (435) 649-3497 or (435) 901-3037.

Barth completes Utah State Bar-certified course

In order to maintain a superior understanding of the complex issues that can arise in real estate transactions, Park City resident Jim Barth, JD, MBA, recently completed a post-graduate course certified by the Utah State Bar Association on Section 1031 Tax Deferred Real Estate Exchanges. His completion of the course enables Barth to continue to provide his real estate brokerage clients with service. Barth is a licensed realtor with Keller Williams Park City Real Estate.

Currently, Barth also serves as chairman of the Park City Planning Commission and is an active member on numerous local boards and committees. For more information, call Jim Barth at (435) 901-3050.

Wells Fargo recognized for community reinvestment

Wells Fargo & Company (NYSE: WFC) announced this week that Wells Fargo Bank, N.A. received an "outstanding" rating the highest regulatory rating possible in its most recent Community Reinvestment Act (CRA) examination by the Office of the Comptroller of the Currency (OCC). Wells Fargo Bank, N.A., which serves more than 10 million households in 23 states, met and exceeded community needs in areas such as affordable housing, financial education and small business lending.

The Community Reinvestment Act of 1977 requires banks to meet the credit needs of all the communities where they do business, especially low-to-moderate income communities and families.

Wells Fargo was recognized as "outstanding" in each of the exam’s three test categories: lending (mortgages, small business, community development for affordable housing and economic development); services (retail banking stores, alternative delivery channels and financial outreach); and investments (funding capital and grants to community organizations).

The examination period included CRA performance from Oct. 1, 2001 through Sept. 30, 2004.

In the investment test category, the OCC rated Wells Fargo’s investments and charitable contributions, totaling over $725 million as "outstanding," reflecting "an excellent level of responsiveness to the needs of its markets, especially affordable housing."


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