Lending

NEW YORK -- So far, community development credit unions have not seen widespread impacts from the economic downturn, according to the National Federation Of Community Development Credit Unions.

DENVER -- Thanks to a variety of factors, including some top lenders leaving the market, the $1.8 billion Bellco Credit Union is enjoying what it calls "an incredible spike" in mortgage applications--more than double last year--and is proceeding with funding a large percentage.

WASHINGTON -- The sagging housing market resulted in a $2.3 billion loss for mortgage buyer Fannie Mae in the second quarter, the company reported today.

WASHINGTON -- Credit unions had $233.9 billion in outstanding consumer credit in June, up from $232.4 billion in May, the Federal Reserve reported today.

HONOLULU -- Employees who lost their jobs when Aloha Airlines shut down in March have another resource to turn to financial help, Aloha Airlines Federal Credit Union said.

WASHINGTON -- The continuing woes of the housing industry again took their toll on mortgage buyer Freddie Mac as it today reported that during the second quarter revenues fell 28% and the enterprise lost $821 million.