Lending

Problems with processing foreclosures slowed the activity to its most sluggish pace in April, further delaying the point when the market will have addressed the large stockpile of real estate for sale.

Problems with processing foreclosures slowed the activity to its most sluggish pace in April, further delaying the point when the market will have addressed the large stockpile of real estate for sale.

While some credit unions and banks in more than a dozen states are experiencing an increase in their average deposit rates, they may need to make some adjustments.

To fill the potholes in crumbling budgets, some states are continuing to look for ways to cut expenses.

A grand jury in Bergen County, N.J., has returned an indictment against a former Paragon FCU employee in an alleged mortgage fraud scheme.

Cypress Software Systems has been added to the list of U.S. loan origination automation specialists owned by CRIF from Bologna, Italy.