Lending

WASHINGTON -- One percent of the loans backed by Fannie Mae and Freddie Mac are 90 days or more past due, according to a report issued by the Federal Housing Finance Agency.

WASHINGTON -- FHA lenders who fail to modify loans can be hit with as much as $330,000 in penalties.

WASHINGTON -- Credit unions report a slew of reactions ranging from panic to a lack of concern to the news that the massive $700 billion bailout proposal has been rejected by the House of Representatives.

SEATTLE -- An informal, but high profile think tank of credit unions and trade organizations will meet here Oct. 16 to discuss, among other things, the best way set up an CU industry-controlled secondary mortgage market.

WASHINGTON -- The Securities and Exchange Commission has launched 50 investigations that constitute a wide swath within the subprime lending industry.

MADISON, Wis.-- When Tamara Sanner, a Spanish and business administration major at the University of Wisconsin-Stevens Point, began searching online for resources to continue paying for college, she came across CompleteEd, a new credit union student loan program.

WASHINGTON -- Sales of new homes declined 11% in August from the previous month, the lowest level since 1991, and were 34.5% less than the levels in August 2007, the Commerce Department reported today.

WASHINGTON -- Sales of new homes declined 11% in August from the previous month, the lowest level since 1991, and were 34.5% less than the levels in August 2007, the Commerce Department reported today.