Lending

The $1.7 billion Michigan State University Federal Credit Union will close a mortgage electronically for the media on Thursday as members finalizing their mortgage documents will do so entirely through touch screen computers.

Federal and regulators will discuss their views on the safest and soundest approaches to member business lending at a Nov. 18 Webinar hosted by NCUA Board Member Gigi Hyland.

The American Credit Union Mortgage Association has begun to lobby Congress and the Administration in support of extending the $8,000 new home buyer tax credit.

The FDIC's push to get more banks involved in payday alternatives puts the limelight once again on credit union products.

To open up more access to its programs, the SBA said today it has proposed increasing size standards for 71 types of businesses with most in the retail, hotel and food service sectors.

As the number of occupancy rates continues to decline in commercial properties, several bank regulators are working together to come up with guidelines for loan workouts.