Lending

MIDDLETOWN, Pa. — Sollievo Group LLC, through its partnership with private insurance broker Lockton, announced it is offering a new auto loan program called Partial Recourse Protection (PRP) exclusively to credit unions.

A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.

The GM Credit Union Member Discount program will sunset Oct. 1, according to CU Solutions Group.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration’s growth in purchase mortgages since the agency cut premiums.

ALEXANDRIA, Va. — NCUA will host an upcoming 90-minute webinar for credit unions that are considering participation lending.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

Financial technology provider Akcelerant, a wholly owned subsidiary of Temenos USA Inc., on Thursday said five credit unions recently signed for the company's Akcelerant Framework loan origination solution.

CUNA Mutual Group funded a study by the Filene Research Institute aimed at measuring the growth potential for credit unions in member business lending. The study comes as the federal regulator is considering easing restrictions on MBLs.

Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the GSEs' outsized presence in the mortgage industry, as their latest quarterly results show.