Lending

An NCUA rule change spurred a 579-fold increase in 2022, but growth has been moderate since then.

The Mortgage Bankers Association’s latest forecast expects rates to remain high longer and refinances to grow more modestly.

The effects of the recent rate cuts may take time to materialize, but the groundwork laid now will determine who stays ahead.

Due to the Fed’s recent rate cuts, credit union members with student loan debt are being aggressively targeted by competitors.

The Philadelphia credit union expects to close Nov. 20 on the deal, backed by prime auto loans.

Credit union production rises, but MBA estimates show other lenders’ gains were much higher for the third quarter.