Lending

• MBA: Seasonal Adjustments Erase Actual Mortgage Delinquency Improvements

  By Heather Anderson  |  May 9, 2013

  Mortgage bankers trade group says 1st quarter figures show slight increase in 30-day delinquency rate.

• Corning FCU Touts First Quarter Loan, Deposit Growth

  By Michelle A. Samaad  |  May 8, 2013

  The $1 billion credit union in Corning, N.Y., said at the end of March, total loans stood at $638 million, a 6.2% increase year over year.

• New GSE Rules Could Limit CU Housing Finance to Lower Income, Exec Says

  By David Morrison  |  May 8, 2013

  Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.

• Banks Renew Lures for Small Businesses

  By Michelle A. Samaad  |  May 8, 2013

  If it’s all about location, location, location when opening a business, credit unions may want to pay attention to several cities in Florida, California and Texas.

• GSE Change Seen Minimal for Credit Union Mortgage Lenders

  By David Morrison  |  May 7, 2013

  Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.

• New York AG Threatens Mortgage Servicing Suits Against BofA, Wells Fargo

  By Heather Anderson  |  May 6, 2013

  Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.

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  Columbia CU Hires New VP of Business Lending

  By Michelle A. Samaad  |  May 3, 2013

  Phil Allen moves over from community bank to take over business lending at Washington state credit union.

• Lending Solutions Inc. Adds Half-Dozen Collections Clients

  By Marc Rapport  |  May 3, 2013

  Credit unions from Louisian, Florida, Illinois, Missouri and Washington state sign on for outsourced collections help.

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  DuTrac Community CU Debuts Car Buying App

  By Michelle A. Samaad  |  May 1, 2013

  The $565 million credit union in Dubuque, Iowa, has introduced the AskAuto app, designed to make shopping for a car and applying for a loan easier.

• LendKey Adds Two Credit Unions to Student Lending Platforms

  By Marc Rapport  |  May 1, 2013

  They are the $943 million, 102,000-member Andrews FCU in Suitland, Md., and the $584 million, 32,300-member United States Senate FCU in Alexandria, Va.