Lending

May’s 12-month growth rate is slightly better than April's, but gains are still far weaker than in past years.

Bank growth has faltered while credit unions have continued to make small, steady gains.

Alloya Corporate FCU is administering the novel $150 million multi-seller deal set to close July 18.

HMDA data shows the 15-year limit was regularly exceeded by credit unions for first mortgages, which is allowed by the NCUA for eventual retirement homes.

Its latest forecast calls for new car sales to fall 0.6% and used car sales to rise 2%.

The big questions are: Where are the borrowers? And, who are getting the loans?