Lending

The government's spotlight on servicing problems means companies should be taking steps now in the face of regulators' current enforcement authority and the potential of coming rules.

Mortgage servicers have gotten a rare reprieve from the Federal Housing Administration.

Next year Fannie will require that mortgage lenders use so-called trended credit data for all mortgage borrowers, a move it says could broaden access to credit.

Rule would add datasets to the information lenders report to regulators under the Home Mortgage Disclosure Act.

The auto lending front continues to improve for credit unions, as car loans comprised 32.9% of total outstanding balances in the second quarter of the year.

Should credit unions step into a giant breach gradually being vacated by the big banks, or is the bank pull-out a sign that CUs should do the same?

The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.

Despite their major push to overhaul the housing finance market last Congress, Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., offered little optimism Tuesday that structural reform is on its way anytime soon.

COLUMBUS, Ohio — Business lending CUSO Cooperative Business Services, LLC on Wednesday reported it has closed more than $225 million in Central Ohio business loans since opening its first regional office here in October 2006.

Southeast Financial Credit Union in Franklin, Tenn. has filed a lawsuit against The College Network, an Indiana online test preparation company that is facing charges of fraud.