Lending

Credit unions, credit union trade associations and CUSOs have weighed in against the NCUA's December 2011 proposal to cap and limit credit unions use of loan participations in an attempt to protect them from concentration risk.

The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Maes position on repurchases, reports say.

The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Maes position on repurchases, reports say.

Average interest rates for new vehicle loans fell to 4.52% in the fourth quarter of 2011, down from 4.84% during the same period in 2010, according to Experian.

A new survey by First Associates Loan Servicing showed student loan borrowers prefer more methods of communication with servicers than most offer.

Some bankers said they are so encouraged by signs that the economy is starting to recover that they plan to increase their small business lending efforts this year.