Lending

LAS VEGAS -- The American Credit Union Management Association is soliciting its members about the position the association needs to take on a legislative proposal that would extend the $8,000 new home buyer tax credit.

As credit unions have increased their share of the mortgage market, they have also acquired a reputation for being relatively soft mortgage fraud targets, according to lending mortgage loan executive.

LAS VEGAS -- Bob Dorsa, CEO of the American Credit Union Mortgage Association sees the potential irony in holding a mortgage conference in Las Vegas, one of the leading foreclosure cities in the U.S.

State Employees' Credit Union has made it easier for locals to make their homes a little greener.

Robert Nelson, district director of the SBA's Massachusetts district office, will be the guest speaker at an October lending forum for New England credit unions.

The National Consumer Law Center, a Washington based consumer protection organization released a 50 page report sharply criticizing federal, state and local mortgage modification programs for not really pushing mortgage servicers to help homeowners.

Total loans at credit unions are up 1% year to date, mirroring the same pace for member business loans.

In response to the House passage last week of the Obama's administrations plan to replace the Federal Family Education Loan Program, CUSO CU Student Choice notified credit unions that the bill has no impact on private student loans.