Lending

Fannie Mae and Freddie Mac's new low down payment loans products may not represent such a risk to the Federal Housing Administration program as some have feared.

Car loan delinquencies have risen significantly from the same time last year, a new report by Experian Automotive, an Irish market intelligence firm with U.S. headquarters in Costa Mesa, Calif.

The Federal Housing Finance Agency has stirred up by a hornet's nest by proposing to tighten membership rules for the Federal Home Loan Banks.

For the fifth year in a row, Quicken Loans has been rated No. 1 by consumers in terms of customer satisfaction, according to a J.D. Power survey.

CHICAGO — Despite much interest in ApplePay and other emerging opportunities, credit unions still see auto loans as the growth area heading into 2015, according to a recent TransUnion survey.

Colorado lawmakers, concerned that many of their constituents were perpetually reliant on short-term loans, overhauled the state’s payday lending rules in 2010. Volume, once the loans had to be at least six months long as a result of the new law, quickly fell by more than two-thirds.

The recent dip in mortgage rates isn't likely to spur a refi boom, but with the industry now into the fourth quarter of a tough year, many lenders are looking for ways to boost business.

PHILADELPHIA—A community revitalization program in the City of Brotherly Love is connecting potential homebuyers to financial institutions, and some credit unions are among those reaping the benefits.

Four credit unions were recognized on Monday for excellence in lending by the CUNA Lending Council. The awards, co-sponsored by CUNA Mutual Group, were presented at the council's 20th annual lending conference in San Diego.

During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders.

MEDLEY, Fla. — Besides the usual measures of requiring a down payment, adjusting the interest up, and staying on top of collections, Compass Financial Federal Credit Union uses a few other tactics that focus less on interest rates and credit scores to keep delinquencies in check, and more on the vehicles being financed themselves.

Reaching out to millennials isn't just about selling them mortgage loans — it's also about recruiting them to sell mortgage loans, which may be proving to be a challenge.

LONG ISLAND CITY, N.Y. — United Nations FCU here has unveiled a mortgage lending program aimed specifically at boosting the credit union's penetration with a historically very reliable class of borrowers — doctors.

LOS ANGELES — Small credit unions can boost their lending with new products, better differentiation and by knowing when members are ready to buy their next vehicle.

Rumors of a subprime auto-lending bubble have been greatly exaggerated.

WASHINGTON — The Supreme Court is slated to hear arguments Tuesday in a case that could determine when and how borrowers are allowed to cancel their mortgages.