Lending

HARRISBURG, Pa. -- A little over two months since its debut, the Pennsylvania Credit Union Association's business loan exchange, Credit Union Loan Trader, is off to a strong start.

WASHINGTON -- A coalition of consumer and financial activist groups has denounced a bank's announcement that it will use some of the funds it received under the Troubled Asset Relief Program to fund so-called refund anticipation loans.

SALT LAKE CITY -- Matthew Ashton's role in helping to provide $12 million in financing and the creation of 100 new jobs has put Mountain America Credit Union in the business lending spotlight.

WASHINGTON -- Just two days before a hearing on jumpstarting the stalled economy, CUNA has not wavered in its attempts to convince lawmakers to eliminate the 12.25% member business lending cap.

NEW YORK -- Herbert Sandler, an early backer of the Center For Responsible Lending, has been identified as a chief promoter of a mortgage products that critics charged helped bring about the current financial crisis.

NEW YORK -- While banks and other lenders are not having widespread problems with commercial properties compared to residential properties, The New York Times said refinancing attempts could significantly change that this year.

VIENNA, Va. - It's anchors up and full steam ahead with the growth initiatives at the $35 billion Navy Federal Credit Union.

PLANO, Texas -- According to Rodney Anderson, the country's fourth highest producing originator of mortgage loans and the highest producing originator of FHA and VA loans, this month's new mortgage activity is already double December 2007's numbers.