Lending

CUSO Mortgage, a mortgage CUSO serving between 30 and 40 credit unions from a headquarters in Halpern, Maine, has used a series of promises to sharply increase the numbers of first mortgages it issues.

The SBA has once again named Redstone Federal Credit Union Alabama's lender of the year.

CUNA President/CEO Dan Mica is scheduled to discuss ways Congress can improve lending opportunities for small business and make a pitch for raising the cap on member business loans during testimony before the House Financial Services Committee tomorrow.

New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.

Quicken Loans, the fourth largest mortgage lender in the U.S., has rolled out a loan origination service aimed at community banks and credit unions.

The National Association of Home Builders' monthly Housing Market Index increased this month signaling that home builders are starting to have more confidence is a strengthening housing market.