Lending

WASHINGTON -- A grant from the National Credit Union Foundation, the Annie E. Casey Foundation and the Aspen Institute has provided the means to collect research on CUs that have sustainable subprime auto lending programs so that successful strategies can be replicated by other CUs.

CALABASAS, Calif. -- Countrywide, the largest provider of home loans in the country will be acquired by Bank of America for a reported price tag of $4 billion.

CALABASAS, Calif. -- Countrywide, the largest provider of home loans in the country will be acquired by Bank of America for a reported price tag of $4 billion.

SHREVEPORT, La. -- A snapshot poll comprised by the African-American Credit Union Coalition currently shows that subprime mortgage loans are causing most of the delinquencies in loan portfolios.

BOSTON and PALO ALTO, Calif. -- The subprime mortgage crisis has caused the number of companies sued in securities fraud class action suits to rise 43% between 2006 and 2007, according to a report from Cornerstone Research and Stanford University.

NEW YORK, N.Y. -- Citigroup announced that it was revamping its residential mortgage operations by bringing all its previously separate units, underwriting, back-office functions and collections under one roof.