
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, May 2, 1990                   TAG: 9005020104
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO  
SOURCE: 
DATELINE:                                 LENGTH: Short

DOMINION SETS UP 48-HOUR LOAN OK

Dominion Bankshares Mortgage Corp. has begun a 48-hour loan approval program for home buyers who make a minimum 20 percent down payment.

A borrower can complete a Dominion loan application at a real estate agent's office and fax it to the mortgage company or the form can be completed at the Dominion mortgage office.

John F. Karaszewski, president of the mortgage company, said financial documentation requirements are less for a loan with 20 percent down, allowing quicker approval. - Staff report

***CORRECTION***

Published correction ran on May 3, 1990\ Clarification:\ Dominion Bankshares Mortgage Corporation's new 48-hour loan-approval program currently is available only in the Roanoke Valley.

A news item on the program in Wednesday's newspaper did not include the geographical restriction.

Memo: correction

by CNB