New York, NY -- (ReleaseWire) -- 03/18/2013 --Green Innovations Ltd. (OTCQB: GNIN) announced that its wholly-owned subsidiary, Green Hygienics, Inc., has signed a $1.0 million inventory financing agreement with Crossroads Financial, LLC, a Florida-based inventory and purchase order financing company. As per terms of the Agreement between the two companies, Crossroads will supply Green Hygienics with up to $1.0 million in stand-alone secured inventory lines of credit.
"We are very pleased to have established an inventory funding relationship with Crossroads as it will be a very valuable and strategic tool for us going forward," stated Mr. Bruce Harmon, Chief Executive Officer of Green Innovations.
Green Innovations Ltd. imports and distributes bamboo-based hygienic and household products.
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The Federal Home Loan Mortgage Corporation (OTC:FMCC) released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage rates rising this week on stronger signs of jobs growth and consumer spending. The 30-year fixed averaged 3.63 percent, its highest reading since the week of August 23, 2012. The 30-year fixed hit its average all-time record low of 3.31 percent the week of November 21, 2012.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.
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