Lending

WASHINGTON -- Mortgage fraud continues to be of critical concern for both financial institutions and consumers, so BITS, a division of the Financial Services Roundtable, has developed Mortgage Fraud Prevention: An Education and Awareness Toolkit for Consumers to help financial institutions educate consumers about mortgage fraud and protect themselves against...

TUKWILA, Wash. -- Even as mortgage production has decreased 15% from last year due to the subprime meltdown, Prime Alliance Solutions Inc., the mortgage CUSO here, reported an increase of 20% in mortgage transactions from 2006 to 2007.

WASHINGTON -- A new poll by the Associated Press and AOL Money & Finance offers little hope for a resurgence in the mortgage market as a growing majority say they won't buy a home anytime soon.

Consumer interest in reverse mortgages is growing, which is good news for the lenders underwriting the loans and for the brokers originating them but not for the seniors targeted or for the credit unions getting aggressively recruited to help market the product.

FORT WORTH, Texas -- Will the changes made by the Federal Housing Administration and Urban Development Agency cause more credit unions to become FHA lenders?

MEQUON, Wis. -- Mortgagebot is a provider of online mortgage-application technology for nearly 800 banks, thrifts and credit unions across the country, but the company wasn't satisfied that the online channel was doing everything it could have.

WICHITA, Kan. -- The storefront branch operated by a credit union to offer alternative payday loans has taken root in Kansas.

SPOKANE, Wash. -- Pointing to changes in new federal rate-cutting rules and lowering of the guarantee, the $1 billion Spokane Teachers Credit Union is getting out of the student loan business effective this fall.