Lending

Members of Eastern Financial Florida Credit Union will soon be able to open deposit accounts and apply for loans over the phone thanks to its merger partner Space Coast Credit Union.

Of the 170 intermediaries in the SBA's micro loan program, only two credit unions are currently involved. The agency said it is working hard to increase those numbers.

The $627 million-American First Credit Union is suing to recover against at a member who defaulted on a 2008 Lamborghini Gallardo, and owes nearly $226,000 plus interest according to legal documents filed in Orange County, Superior Court.

Reality TV star Simon Barney, who stars along with wife Tamra in the Bravo show The Real Housewives of Orange County, is being sued by the $627 million American First Credit Union to recover against a delinquent exotic car loan.

New details were spelled out today on expansion of the Invest in America program to include discounts and financing benefits on RVs under an agreement set to start Sept. 1 with Thor Industries, the nation's largest producer of the vehicles.

CMG Mortgage Insurance is emphasizing that a recent move by the Federal Home Loan Bank of Boston to stop buying some mortgage loans with primary insurance from CMG MI affects only a very limited number of loans.