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MIDFLORIDA FCU to Build Mortgage Presence With Real Estate Broker Buy

By Michelle A. Samaad

LAKELAND, Fla. -- Even though MIDFLORIDA Federal Credit Union had been offering mortgages for at least a decade,

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Fed Cuts Interest Rate by 1/2 Point

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December 11, 2008

SBA New Lender Oversight Regs Take Effect Jan. 12

WASHINGTON -- The Small Business Administration issued an interim final rule today for new lender oversight regulations in its guaranteed loan programs with the aim of greater enforcement authority and increase transparency on how risk is evaluated.

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December 11, 2008

Rhode Island CUs Help Shape Small Biz Stimulus Package

PROVIDENCE, R.I. -- Gov. Donald Carcieri unveiled yesterday a small business stimulus package that will invest $165 million into small and mid-sized businesses over the next two years with the help from several Rhode Island credit unions and banks.

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December 10, 2008

SBA Takes Bank to Task Over Loan Practices

WASHINGTON -- Concerned with reports of "predatory and exploitative" lending practices in low-income and minority communities, the Small Business Administration yesterday took to task a bank over its activities.

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December 09, 2008

Midwest CUs Team with GM on Low-Rate Auto Loans

LANSING, Mich. -The Michigan Credit Union League teamed up with CUNA, other Midwest leagues and General Motors Corp. Wednesday in rolling out a $10 billion package of low-rate loans to purchasers of GM brands.

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December 09, 2008

Loan Provisions Shoot Up, But Have They Grown Enough to Cover Losses?

WASHINGTON -- Federally insured credit unions have increased loan-loss provisions substantially during the past 12 months, according to the NCUA. Provision for loan-loss expense to average assets was 0.71 as of Sept. 30, 2008, up 92% from 0.37

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December 07, 2008

Despite Dire Economy, Mich. CUs Do OK on Members, Loans

LANSING, Mich. -- Michigan is at the top of the nation with a whopping 9.3% unemployment rates, but the state's credit unions appear to be faring well.

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December 03, 2008

CSCU Advises Member CUs to Keep Lending

St. PETERSBURG, Fla. -- Card Services For Credit Unions reiterated its advice to member credit unions to prudently continue their credit card lending.

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Lending

Top Lending Stories

MIDFLORIDA FCU to Build Mortgage Presence With Real Estate Broker Buy

Fed Cuts Interest Rate by 1/2 Point

Zillow.com: One in Seven Mortgages Upside Down

Recommended Just For You

Lending Stories

SBA New Lender Oversight Regs Take Effect Jan. 12

Rhode Island CUs Help Shape Small Biz Stimulus Package

SBA Takes Bank to Task Over Loan Practices

Midwest CUs Team with GM on Low-Rate Auto Loans

Loan Provisions Shoot Up, But Have They Grown Enough to Cover Losses?

Despite Dire Economy, Mich. CUs Do OK on Members, Loans

CSCU Advises Member CUs to Keep Lending