Lending

A number of mortgage-related issues affecting credit unions are expected to have the attention of members of Congress this week.

A number of mortgage-related issues affecting credit unions are expected to have the attention of members of Congress this week.

Alliance Institutional Services, LLC, a business services CUSO, has linked up with Wolters Kluwer Financial Services to offer compliant business lending documentation.

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.