ROCKVILLE, Md. – MCT FCU has added fixed-rate mortgage loans and adjustable rate mortgage loans to its loan product suite, in partnership with CU Members Mortgage.
CU Members Mortgage provides mortgage services to almost 900 credit unions, CUSOs and leagues nationwide.
Privately held CU Members Mortgage originates more than $2.5 billion in FHA, VA, conventional and unique single close construction loans annually.
A July pickup in activity is just a start, experts say. The banking industry's drive for scale and greater efficiency is expected to drive a renewed wave of consolidation, pushing the institution count lower.
Administration of the Community Development Financial Institution Fund at the Treasury Department will be led by the CDFI Fund's legal counsel following the resignation of the fund's director.
Paxos and Mastercard are among the firms betting that legal clarity will lead to a wider range of stablecoin users.
Google, Oliver Wyman and Corridor Platforms offer bankers a safe space where they can experiment with using generative artificial intelligence for customer interactions.
The Treasury's financial crime agency delayed enforcement of a variety of Bank Secrecy Act requirements for investment advisors in order to gain time to revise and tailor regulations.
Kate Luft, a former chief of staff for Citi CEO Jane Fraser, is now running the company's U.S. retail banking business. In her first interview since getting the job, Luft discussed what banks can learn from airlines and the advantages that incumbents have over fintechs.
