Lending

NAFCU wants the FHA to come down harder on consumers who walk away from a mortgage even though they would be able to make their payments.

NAFCU wants the FHA to come down harder on consumers who walk away from a mortgage even though they would be able to make their payments.

ABCO FCU in Willingboro, N.J., has signed an agreement with Symbionce Financial Solutions LLC to have the CUSO manage its mortgage origination and servicing.

Credit unions, credit union trade associations and CUSOs have weighed in against the NCUA's December 2011 proposal to cap and limit credit unions use of loan participations in an attempt to protect them from concentration risk.

The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Maes position on repurchases, reports say.

The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Maes position on repurchases, reports say.