Lending

SAN DIEGO - Mortgage data provider DataQuick reported today that the median sales price for a Southern California home has dropped 41% from peak prices only 18 months ago.

WASHINGTON -- NCUA Chairman Michael E. Fryzel said today his agency plans to tap the central liquidity fund to provide credit unions with funds so they can provide lower mortgage rates.

LOS ANGELES -- The First American Corp. today rolled out a credit score aimed at reverse mortgages.

BOSTON - Massachusetts' attorney general has obtained a preliminary injunction against Option One Mortgage Corp. and H&R Block Mortgage Corp. that requires them to notify the AG's office of their intent to foreclose upon subprime mortgages.

WASHINGTON - CUNA economist Bill Hampel said he thinks homeowners will eventually see some TARP funds or other governmental relief dedicated to restructuring troubled mortgages;

WASHINGTON - Because of continuing concerns over access to student loans and stability in the student lending market, the U.S. Department of Education has announced that it is taking steps to ensure that students will be able to obtain