Lending

Taxi Medallion Losses Nearly Double in Q2

Jim DuPlessis | August 15, 2018

Three New York credit unions lose $93.5 million.

Judge Again Denies Request to Delay CFPB Payday Rules

David Baumann | August 13, 2018

The CFPB estimates it will issue new proposed rules in February 2019.

Wells Fargo Is Eyeing a Piece of the $1.4 Trillion Student-Debt Pie

Hannah Levitt | August 13, 2018

The bank has identified students as a fast-growing market to tap as it navigates a punitive growth ban.

These U.S. Zip Codes Have Highest Share of Troubled Properties

Vincent Del Giudice and Kevin Varley | August 10, 2018

The underwater rate remains high in markets where price appreciation has not been as strong during the housing recovery.

Critics Say PAL Program Would Make CUs No Better Than Payday Lenders

David Baumann | August 09, 2018

“Loans that do not take into account a borrower’s ability to repay are irresponsible and harmful."

U.S. Home-Price Gains Cool in Another Sign of Market's Slowdown

Prashant Gopal | August 09, 2018

Buyers facing rising mortgage rates as well as higher purchase prices are thinking twice before overpaying.

Credit Unions Provide Nearly One-Third of Car Loans

Jim DuPlessis | August 08, 2018

Fed data shows credit unions' share of auto loans tops 32% in June.

Consumer Credit in U.S. Rises Less Than Estimated in June

Shobhana Chandra | August 08, 2018

The drop in revolving debt signals consumers took a breather after such borrowing in May jumped by the most in six months.

Student Loan Refinancer SoFi Reports $200 Million Q2 Loss

Selina Wang | August 07, 2018

The privately-held company has disclosed quarterly revenue or earnings to its investors since Q3 2017.

Millennials Stepping Up Their Home Buying

Roy Urrico | August 07, 2018

The Millennial Tracker reveals conventional loans accounted for 69% of all closed loans for millennials in May.

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Banks After Tax Cuts: Loan Growth Slows & 3,200 Jobs Disappear

Ivan Levingston | August 07, 2018

Lending rises 0.9% in the first half of 2018; a year earlier - before the tax cuts - the growth rate was twice that.

Wells Fargo to Pay $2.09 Billion to End U.S. Mortgage Probe

Hannah Levitt and Kartikay Mehrotra | August 02, 2018

Wells Fargo officials are "pleased to put behind us" these risky subprime mortgage practices.

Treasury Boosts Long-Term Debt Sales & Launches Two-Month Bill

Liz Capo McCormick and Saleha Mohsin | August 01, 2018

The Treasury’s borrowing needs in the second half of the year will be the most since the financial crisis a decade ago.

Wall Street Resurrects Another Financing Tool Killed by Crisis

Adam Tempkin | July 31, 2018

Some experts warn of the higher risk of defaults and looser underwriting standards.

Cars & HELOCs May Push Loan Growth for CUs

Jim DuPlessis | July 31, 2018

CUNA Mutual Group's Monthly Trends Report shows first mortgages stalled from April to May.

The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years

Prashant Gopal and Shobhana Chandra | July 27, 2018

Buyers are getting squeezed by rising mortgage rates and prices climbing about twice as fast as incomes.

U.S. New-Home Sales Decline to Eight-Month Low as Prices Fall

Shobhana Chandra | July 25, 2018

The decline in sales leaves 301,000 homes available nationwide in June, the most since March 2009.

Millennials Are Making a Costly Investment Mistake

Riley Griffin | July 25, 2018

This generation has the lowest propensity to be earning interest on their savings.

Could Amazon Become a Money Manager?

Bailey Lipschultz | July 24, 2018

The opportunity is there for fund management with demand for lower-cost financial advice.

U.S. Sales of Previously Owned Homes Decline for Third Month

Shobhana Chandra | July 24, 2018

First-time buyers make up 31% of all sales; the number is unchanged from May and down from 32% a year earlier.

U.S. Homeowners Are Lingering Longer, & the Wait Is Paying Off

Jeremy Hill | July 23, 2018

Those who sold their homes in Q2 of this year did so after owning the home for an average of 8.09 years.

Relief in Sight for Homebuyers in High-Priced West Coast Cities

Noah Buhayar | July 20, 2018

Lending challenges continue, especially on the coasts.

Credit Union Lending Allies Bring Balance

Jim DuPlessis | July 20, 2018

Correspondent lenders stepping in to help credit unions compete with the larger banks.

Parents Owe More in Student Loans Than Their Kids

Bernice Napach | July 19, 2018

A new report from Savingforcollege.com shows that as students max out on their college loans, their parents are picking up the slack.

U.S. Housing Starts Plunge by Most Since 2016 to Nine-Month Low

Katia Dmitrieva | July 18, 2018

The report may spark concern that the housing market is slowing even more than previously thought.

CU Direct Alliance Means Business

Jim DuPlessis | July 12, 2018

MBL LLC to help extend the CUSO further into commercial lending.

Homeowners Have More Equity Than Ever But Don’t Want to Tap It

Claire Boston | July 12, 2018

Homeowners understand that the equity in their house may vanish quickly.

Good News & Bad News on Retirement Saving

Barry Ritholtz | July 12, 2018

Americans are socking away more. It's still not enough.

Taxi Medallion Losses Take Out-Sized Bite

Jim DuPlessis | July 10, 2018

CUs holding commercial loans secured by taxi medallions or other non-real estate assets continue to impact the movement.

Fed Plans to Keep Hiking Gradually as Risks From Trade War Mount

Craig Torres | July 06, 2018

“You get a sense, though, that they are preparing for surprises.”

U.S. Car Sales Are Expected to Fall to Recession Levels

Sarah Gardner | July 05, 2018

Latest data shows that SUV sales are doing well, while other automobile sales are plunging.

U.S. Consumer Comfort Nears 17-Year High

Scott Lanman | July 05, 2018

Americans’ views of the economy continue to be positive.

U.S. Homeownership Expected to Rise for the Young

Alex Tanzi | July 03, 2018

The home ownership rate of young adults will probably rise to 58.1% in 2025.

How Student Debt Impacts Retirement Savings

Marlene Satter | June 29, 2018

A Center for Retirement Research brief finds that there is a difference in savings rates among grads with debt and without.

Credit Unions Up Their Mortgage Game

Jim DuPlessis | June 29, 2018

With the refinance wave gone, credit unions hone their mortgage lending operations.

U.S. Pending Home Sales Unexpectedly Decline for a Second Month

Reade Pickert | June 27, 2018

Interested home buyers continue to face strong headwinds from the limited number of affordable housing options.

Loan Growth Revs Up – Yet Again

Jim DuPlessis | June 26, 2018

Mortgage and business lending allows March-to-April gains to outpace 2017.

Home Prices in 20 U.S. Cities Grow at More Sustainable Pace

Shobhana Chandra | June 26, 2018

Property-price appreciation that’s outpacing wage growth is a headwind for younger or first-time buyers.

U.S. New-Home Sales Climb to Six-Month High on Surge in South

Katia Dmitrieva | June 25, 2018

At the same time, prospects for first-time buyers and those with modest incomes have deteriorated.

CUDL Rides Further Into the West

Jim DuPlessis | June 25, 2018

Pact allows CU Direct Connect to use indirect loan platform in Colorado and eight other states.

Fannie-Freddie Rise as White House Proposes Privatization

Gregory Mott | June 22, 2018

The changes would give Fannie, Freddie and their competitors access to an explicit guarantee on mortgage-backed securities.

Regulator Asks Private Student Loan Insurer to Be Declared Insolvent

Jim DuPlessis | June 21, 2018

ReliaMax of South Dakota serves about 475 U.S. lenders, including credit unions.

Americans Devote Biggest Share of Income to Mortgages Since 2009

Prashant Gopal | June 21, 2018

The cost of covering mortgage payments rises to 17.1% of the median income in the first quarter, up from 15.9%.

Most Americans Clueless on How Much to Save for Retirement

Marlene Satter | June 20, 2018

A new study from Bankrate.com finds that 19 million Americans say they plan to never retire.

U.S. Existing-Home Sales Unexpectedly Fall on Inventory Woes

Katia Dmitrieva | June 20, 2018

“The housing affordability issue is becoming a crisis."

U.S. Housing Starts Rise to Decade High While Permits Decline

Shobhana Chandra | June 19, 2018

At the same time, potential buyers are facing a squeeze on affordability as property values keep soaring.

U.S. Homebuilder Sentiment Fell in June on Higher Lumber Costs

Shobhana Chandra | June 18, 2018

Higher lumber prices have added nearly $9,000 to the price of a new single-family home since January 2017.

2 Steps Could Help Most Members Reach Their Retirement Goals

Ginger Szala | June 15, 2018

Less than half of American households are on track for retirement.

Rising Rates Put U.S. Homebuilders in a Spot

Prashant Gopal | June 14, 2018

Higher rates and higher home prices cause a significant worry about affordability.

Gundlach: Rate Rise, Deficits Like 'Suicide Mission'

John Gittelsohn | June 13, 2018

Financial experts believe we are witnessing an unprecedented level of debt expansion.

Resources

How to Close More Mortgages with eSignature Solutions

From DocuSign

Learn how your credit union can realize more value in lending and close more business by deploying an eSignature solution.

Download Resource ›
How CFOs are Finding a Sharp Strategic Edge through Business Spend Management

From Coupa

CFOs are leveraging cloud-based technology and AI to transform Business Spend Management (BSM) into a strategic solution. Learn how your credit union can drive savings by rethinking BSM.

Download Resource ›
CECL Prep: How to Ensure Data Adequacy and Quality

From Sageworks, Inc.

This guide outlines challenges and objectives for your credit union to consider while identifying, assessing and addressing your data needs in preparation for the CECL model.

Download Resource ›
Scenario Planning: How to Mitigate Uncertainty for Your Credit Union

From Kaufman Hall

Learn how scenario planning for your credit union can help manage risk and uncertainty more effectively, while allowing you to explore new opportunities.

Download Resource ›
Tripling Commercial Lending Capacity: How One of the Biggest Credit Unions Transformed

From OneSpan Sign

This case study showcases how one of the 50 largest credit unions in the U.S. achieved staggering results by seizing an opportunity to digitize their commercial loan process.

Download Resource ›
Reinventing Consumer Loans: How Community-Based FIs Can Win the Millennial Lending Market

From Kasasa

Consumer loans are rising among Millennials. Learn how your credit union can capture a larger share of the growing demand by reinventing your consumer loan offers.

Download Resource ›
A Practical CECL Action Plan for Credit Unions

From Sageworks, Inc.

Start preparing your credit union for the current expected credit loss (CECL) model today. Follow this practical CECL action plan to ensure effective implementation and get ahead of this major change.

Download Resource ›
How to Develop a Strategic Approach to Incentive Compensation for Your Credit Union

From Kaufman Hall

Learn how to implement a strategic profitability-based incentive plan that rewards desired employee behavior(s) at your credit union.

Download Resource ›
Accelerate Performance Improvement: Best Practices in Budgeting and Planning for Credit Unions

From Kaufman Hall

These best practices help you increase profitability by leveraging the appropriate financial and operational data, processes, and tools to improve planning, efficiency, and accuracy.

Download Resource ›
2018 CFO Outlook: Performance Management Trends and Priorities

From Kaufman Hall

Learn what senior finance professionals detail as trends, implications and recommendations for 2018, including 12 key findings in this performance management survey report.

Download Resource ›
Credit Union Analytics - Using the Right Data to Support Decision Making

From Kaufman Hall

In order for Credit Unions to be successful, they need to focus on "how" and "why" they achieved results.

Download Resource ›
Critical Steps to Successful Cash Flow Planning For Financial Institutions

From Kaufman Hall

Collaborative cash flow margin planning (CCFMP) is a marriage between ALM and traditional financial planning approaches. More institutions are turning to this approach because of its many benefits.

Download Resource ›
5 Critical Aspects of Profitability Analysis

From Kaufman Hall

Discover five aspects of profitability analysis critical to creating and sustaining a profitability measurement program that can be used to drive decisions and improve financial performance.

Download Resource ›
Profitability Measurement and Reporting: A Guide to Creating an Actionable Profitability Framework

From Kaufman Hall

With compressed margins and increasing competition, it is imperative for financial institutions to understand how customers, branches, channels, officers, and products contribute to the bottom line.

Download Resource ›
Extracting More Value from Funds Transfer Pricing

From Kaufman Hall

Learn how your Credit Union can Extract More Value from Funds Transfer Pricing

Download Resource ›
4 Key Benefits of Taking Your CU Digital

From DocuSign

Learn how you can increase speed, decrease errors, lower operating costs and grow your business.

Download Resource ›
Take Credit Union Planning to the Next Level: Cash Flow Based Budgeting & Forecasting

From Kaufman Hall

Collaborative Cash Flow Margin Planning (CCFMP) provides a more effective solution for balance sheet/margin planning. Discover what it is, its benefits and why it may be best for your organization.

Download Resource ›

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