Lending

The Nevada Credit Union League said it helped support and defeat several bills in the Nevada legislature that would have affected credit unions in the Silver State.

WASHINGTON — Rep. Edward Royce, R-Calif., a long-time friend to credit unions, urged fellow House members Wednesday to support a Senate proposal that would make significant reforms to Fannie Mae and Freddie Mac.

The rate of small business loan approvals have remained largely stagnant — and at historically low rates — over the past year at credit unions, while such rates have been gradually edging upwards at the big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis by Biz2Credit.

It's no grace period, but the Consumer Financial Protection Bureau is working placate lender fears of hasty enforcement of its new integrated disclosure rules.

ALEXANDRIA, Va. — Credit union income sources shifted from investments back to loans during Q1, according to a new report from NCUA, with loans up by nearly 11% year-over-year.

VENTURA, Calif. — Ventura County Credit Union announced that it has been named a "preferred lender" by the U.S. Small Business Administration (SBA).

WASHINGTON — The Supreme Court issued a ruling Monday that said second mortgage liens cannot be voided in bankruptcy, even when the first lien is underwater.

The merger of the Federal Home Loan Banks in Des Moines and Seattle became official on Monday, shrinking the overall number of banks in the system to 11.

MemberClose, a provider of a bundled mortgage settlement solution for credit unions, said it has added four CUs from Connecticut to its client list.

The lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.