Lending

May 7, 2008
Will CU Mortgage Market Go Into Reverse?
REVERSE: Aging Boomers Present Reverse Mortgage Opportunity for CUs
By Carol Anne Burger
GIG HARBOR, Wash. — Anyone looking for a bright spot in the darkening mortgage market may find relief in this demographic factoid: 78 million baby boomers are about to turn 65. ...
Article found in Lending
May 2, 2008
Credit Squeeze Lead Small Business to Credit Unions, Nontraditional Sources
By Michelle Samaad
NEW YORK — Small business owners are getting creative in finding financing sources including at credit unions as banks continue to tighten their loan standards, the Associated Press reported today.
Article found in Lending
April 30, 2008
Beware: Reverse Mortgages Can Be Dangerous for You and Your Members
By Joe Zampitella
Consumer interest in reverse mortgages is growing, which is good news for the lenders underwriting the loans and for the brokers originating them but not for the seniors targeted or for the ...
Article found in Lending
April 30, 2008
Are We Seeing Bottom of the South Florida Real Estate Fall?
MT. PLEASANT, Pa. — Default Research, a provider of foreclosure real estate data in South Florida has reported recently that the number of suits pending as a prelude to foreclosure proceedings ...
Article found in Lending
April 30, 2008
Home Buying May Slump Further As Public’s Pessimism Grows
By Carol Anne Burger
WASHINGTON — A new poll by the Associated Press and AOL Money & Finance offers little hope for a resurgence in the mortgage market as a growing majority say they won’t buy a home anytime soon.
Article found in Lending
April 30, 2008
Expansion of FHA Programs Will Make It More Appealing to Credit Unions
By Carol Anne Burger
FORT WORTH, Texas — Will the changes made by the Federal Housing Administration and Urban Development Agency cause more credit unions to become FHA lenders?
Article found in Lending
April 30, 2008
Prime Alliance Recording 20% Annual Growth
TUKWILA, Wash. — Even as mortgage production has decreased 15% from last year due to the subprime meltdown, Prime Alliance Solutions Inc. ...
Article found in Lending
April 30, 2008
Mortgagebot’s Mortgage Marvel Offers Loan Aggregation and Privacy
By Carol Anne Burger
MEQUON, Wis. — Mortgagebot is a provider of online mortgage-application technology for nearly 800 banks, thrifts and credit unions across the country, but the company wasn’t satisfied that ...
Article found in Lending
April 30, 2008
Toolkit Educates Consumers About Mortgage Fraud
WASHINGTON — Mortgage fraud continues to be of critical concern for both financial institutions and consumers, so BITS, a division of the Financial Services Roundtable, has developed Mortgage ...
Article found in Lending
April 30, 2008
Dupaco Community CU Ranked No. 1 As FirstHome Lender in Eastern Iowa
DUBUQUE, Iowa — Dupaco Community Credit Union was recognized by the Iowa Finance Authority as the No. ...
Article found in Lending
April 30, 2008
Mortgage Builder’s Loan Origination System Integrated with Flood Data
By Carol Anne Burger
SOUTHFIELD, Mich. — Mortgage Builder Software Inc., a provider of end-to-end mortgage banking software, announced that First American Flood Data Services has integrated its flood certification ...
Article found in Lending
April 28, 2008
On Site Coverage: Kansas CU Opens Separate Payday Branch
By Jim Rubenstein
WICHITA, Kan. — The storefront branch operated by a credit union to offer alternative payday loans has taken root in Kansas.
Article found in Facilities, Lending
April 15, 2008
STCU in Washington State Exiting Student Loan Market
By Jim Rubenstein
SPOKANE, Wash. — Pointing to changes in new federal rate-cutting rules and lowering of the guarantee, the $1 billion Spokane Teachers Credit Union is getting out of the student loan business ...
Article found in Lending
April 14, 2008
Mid-Atlantic FCU Funds First SBA Loan
By Michelle Samaad
GERMANTOWN, Md. — Mid-Atlantic Federal Credit Union recently funded its first loan under the Small Business Administration’s 7(a) loan program.
Article found in Lending
April 8, 2008
SBA Lender Oversight Forums Garner Strong Turnouts
By Michelle Samaad
WASHINGTON — The turnout for a series of public forums put together by the Small Business Administration on its proposed lender oversight and risk rating system has been fairly strong with ...
Article found in Lending

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