Lending

LAS VEGAS -- Radian Guaranty CEO Teresa Bryce told credit union mortgage executives that the numbers of foreclosed and distressed properties were weighing down the mortgage market.

Tom Millon, founder and CEO of Capital Markets Cooperative, told credit union mortgage executives attending the ACUMA 2010 Fall Conference that there is still a market for high-quality, jumbo mortgage loans.

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

Credit cards led the way in what was overall very weak credit union loan growth in the second quarter, according to data reported to the NCUA.

After applying for an SBA disaster loan in October 2005, a New Orleans seafood processor damaged by Hurricane Katrina didn't get approved until May 2006 and didn't receive the funds until October 2006.

Iowa company Troy Elevator is familiar with starting a business during uncertain times, having gotten its start on the eve of the Great Depression