Lending

The best-kept secret in financial services is also the best-kept secret in mortgage providers: credit unions. But that notion has some chinks in its armor, as ACUMA, the American Credit Union Mortgage Association has been tapping away at realtors' unfamiliarity with CUs as home lenders for several years now by...

Loan growth just barely exceeded savings growth between August and July, according to CUNA's Monthly Credit Union Estimates.

Unitus Community Credit Union Mortgage Lending Manager Dawn McCarn reports that delinquencies there are very low at less than .10% and just four loans were even late in October.

The latest Housing Starts report, showing a drop of 10% for the month in the building of new homes has raised the red flag of recession. The annual level is now 1.19 million, compared to a 1.33 million rate in August, down nearly 31% from a year-ago, making it the...

Fidelity National Information Services, Inc. (www.fidelityinfoservices.com) and Compass Analytics, LLC announced the integration of FIS' Applied Analytics prepayment model into Compass Analytics' mortgage analytics solution, CompassPoint. In addition to intelligent and predictive risk analytics and data for the mortgage industry, FIS' broker, banking and investment customers will now have access...

The guest speakers at the Mortgage Bankers of America's 94th Annual Convention and Expo here Oct. 14-17 had that "Who's Who" cache, with Richard Branson (Virgin Airlines) Bono (U2), Doris Kearns Goodwin (Pulitzer Prize-winning historian/author) and George Foreman (heavyweight boxing champion) on tap. A panel presentation on Oct.16 also featured...