Lending

The American Credit Union Mortgage Association (ACUMA) announced today that they would present a credit union-related breakout session to some 30,000-expected attendees to the Annual Convention of the National Association of Realtors taking place here Nov. 13-16.

With average home prices in Dane County about half those in the Los Angeles area, some LA folks might not think Madison-area homebuyers have a problem.

The Wisconsin Credit Union League has now added its weight to the growing trend of countering foreclosures and predatory mortgages with the credit union common sense approach to real estate lending.

Southwest Business Corporation recently announced that it has added a Reverse Mortgage Division to its credit union mortgage services menu. SWBC President/CEO Gary Dudley said the company recognized the growing demand for the product and was responding to CU-client inquiries.

If you are shopping for a used car and you have less than A or B credit, you'll pay a higher interest rate on a loan. That's a given, and even subprime borrowers who aren't financially savvy know it from experience. But just how bad a deal can you get?...

In a novel twist to payday lending, a Phoenix credit union, the $1.1 billion Arizona State, has agreed to a partnering pact with a Tucson health care employer to help its workers "break the debt cycle" to payday shops.