Lending

Credit Union ONE says its purchase of Icon Mortgage will expand market share and membership.

The third deal by PenFed brings its total to $1.3 billion since 2022, still shy of the $1.8 billion sold by Space Coast.

But the Mortgage Bankers Association lowers its forecast slightly for Q4 purchase originations.

America's Credit Unions economist says Fed members showed they expected greater economic growth and lower unemployment in 2026 and 2027 than they did at their June meeting.

AmCU reports July was the 15th month with balances falling from year-ago levels, but some signs hint at improvement ahead.

The credit union denies the allegations and asks a judge to dismiss the legal action.