Lending

Third quarter results for PHH Mortgage reflect the continuing slump in the overall mortgage business, with net revenues for September at $484 million, a decrease of 9.5% from net revenues of $535 million for the same quarter of 2006. Net loss for the third quarter of 2007 was $38 million,...

The Office of Thrift Supervision has given MEMBERS Trust Company the green light to originate and service reverse mortgages.

NCUA Board Member Gigi Hyland applauded the early success of the SBA's Patriot Express program as an example, not only of credit unions taking advantage of opportunities presented, but also federal agencies working together.

NCUA announced today that its Community Development Revolving Loan Fund has reached its threshold and set a new record.

NCUA announced today that its Community Development Revolving Loan Fund has reached its threshold and set a new record.

In the four months since its launch, the Small Business Administration's SBA Patriot Express Loan Initiative has produced more than 500 SBA guaranteed loans amounting to $51 million, with an average loan amount of nearly $102,000, the agency announced today.