Lending

Home equity portfolios have shrunk at banks, but credit unions and nonbank lenders helped fuel the surge in home equity lines last year.

Enterprise Car Sales helped rev up auto lending among its credit union partners, generating roughly $500 million in auto loans during 2015.

Credit unions are outperforming other auto lenders, but experts warn some may need to rethink their pricing for risk.

Remember those homeowners who walked away from their underwater mortgages even though they could still afford their loans? They're back, this time as prospective borrowers.

Two of the think tank's incubator projects are being moved to the next phase after demonstrating they can help provide the underserved with access to financial services.

While most federal financial regulators use enforcement actions as a way to shape industry practices, the Consumer Financial Protection Bureau is taking that to a whole other level, frequently using orders as a substitute for new rules or guidelines.

WASHINGTON — Key Democratic lawmakers are urging the Department of Housing and Urban Development to tighten its program for selling nonperforming guaranteed loans to ensure servicers have exhausted all loss mitigation options before the loans are sold to private investors.

It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options.

NEW BRIGHTON, Minn. – CU Companies on Monday said it finished 2015 with “significant growth” in its mortgage lending partnerships.

The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.

If you're like a lot of credit union and bank executives out there, you're probably not so sure—and even the financial regulators don't all agree on how it should be done.

In one corner, the major CU trade groups and the Community Home Lenders Association, who are hoping the administration will further cut premiums after a reduction a year ago. On the other are MBA and ICBA, which argue a cut now would be too soon.

The numbers credit unions posted for loan and membership growth last year will be tough to beat, particularly given the economic challenges that have already sent the stock market plummeting.

The agency scrapped a part of its 2014 proposal that would have required Home Loan Bank members to maintain a certain percentage of residential mortgage assets in order to keep their membership. But the agency held fast on a provision that would disqualify captive insurance firms from membership.

Some lenders have asked whether the bureau would adjust its so-called resubmission guidelines — which determine whether lenders have to refile data based on errors found in samples — and it has responded with a request for further industry input.

Loan portfolio growth jumps 10.7% in 12 months ending in 3rd quarter of last year – vs. 6.6% increase at commercial banks in same time span.