Lending

Mortgage servicers are more responsible for the persistently high foreclosure rates than either home owners or mortgage owners are, a new report from the National Consumer Law Center argues.

Among the small business owners who have applied for loans within the past six months, 67% had to produce personal guarantees as banks continue to put the squeeze on credit access.

The Community Financial Services Association of America has launched an lobbying effort against the proposed Consumer Financial Protection Agency.

The latest forecast from the Mortgage Bankers Association suggests that mortgage refinancings will end 2009 strong but decline to below 2008 levels in 2010.

The financial struggle plaguing the $157 million Cumorah Credit Union in Las Vegas can be traced to one big factor: Nevada's commercial real estate bust.

With much of the rest of the mortgage industry in disarray, the Federal Housing Administration has found itself occupying an expanded market niche.