Lending

More than 110,000 homeowners have had their mortgages modified or received offers to do that through the government's program, the Treasury Department reported today.

Rising vacancy rates and falling rents continue to be the main culprits behind the struggling commercial real estate sector, the Federal Reserve Board reported in its just-released Beige Book.

The impact of 22 of TARP banks slashing their business lending programs further opens of a window of opportunity for North Carolina credit unions, Sen. Kay Hagan (D-N.C.) said yesterday.

Silver State Schools Credit Union President/CEO Dave Rhamy had a tough December.

Recently, an article in Credit Union Times discussed a survey conducted by CUNA that showed a large number of credit unions are dissatisfied with their current auto remarketing results.

The SBA has awarded SouthWest Federal Credit Union its 2009 Blaine Andrus Memorial award for the $147 million cooperative's dedication to Utah's small businesses.