Lending

Mortgage lenders on both the residential and commercial sides of the business will have to deal with a different lending environment in 2016. These include enforcement of TILA-RESPA Integrated Disclosure violations plus rising interest rates and the impact on origination volumes. Here are 10 observations that originators need to mull over while crafting their business plans for the coming year.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

Veridian Credit Union in Waterloo, Iowa, has obtained certification as a Community Development Financial Institution.

GrooveCar Inc. announced that four more credit unions have joined its online auto buying service program.

Auto Financial Group (AFG), a provider of financing products for credit unions and banks, said its year-to-date growth figures show increasing momentum in new customer signings for AFG’s balloon lending and remarketing programs.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending could be more susceptible to terrorist financing.

Lenders and servicers weary from a raft of regulatory changes in recent years may see some respite in the next 12 months.

Indications of fraud ebbed when refinancing was more prevalent, but now that home purchases are picking up, misrepresentations could increase, too.