Lending

WASHINGTON - The Small Business Administration is calling on credit unions and other lenders for their feedback on a proposed lender risk rating system for its 7(a) loan program. The system would be an internal tool to assist the agency in assessing the risk of each active 7(a) lender and...

CHICAGO - More bankers are confident in their ability to woo potential business customers and many of them are beefing up their products and services to get them in the door. According to the new Grant Thornton's Thirteenth Annual Survey of Bank Executives, three-fourths (75%) are planning to offer cash...

COSTA MESA, Calif. - The results of a new Experian study reveal a new business venture actually has a lower risk of going 90 days past due on their credit payments in its first year than in the third or fourth season. Experian found that the initial risk of delinquency...

MIDDLETOWN, Pa. - Credit unions needing an origination solution to assess loans under $50,000, will soon have another option to turn to. CU BizSource said it will launch its Bank2Business product this year. With B2B, CU lenders can input a loan application anywhere there is an Internet connection and receive...

WASHINGTON - After increasing steadily for more than a decade, the U.S. homeownership rate seems to be slowly going in the other direction. Data released last month by the U.S. Census Bureau put the homeownership rate at 69% in the fourth quarter 2005, down from 69.2% a year earlier. Although...

EL PASO, Texas - Greg Davis, senior loan officer of FirstLight FCU, has been named the 2005 Mortgage Banker of year by the El Paso Mortgage Bankers Association. Davis has been with FirstLight FCU, formerly called Fort Bliss FCU, for 14 years. He served as vice president of the EPMBA...