Lending

The Federal Housing Administration (FHA) announced that limits on "conforming loans" — mortgage loans which conform to guidelines of government-sponsored enterprises like Fannie Mae and backed by the federal government — will remain largely unchanged next year.

Financial institutions in New York State are concerned that a slate of tough new regulations approved by Gov. Andrew Cuomo concerning the conduct and practices of third-party debt collections may eventually expand into their in-house collection operations.

DENVER—As the Consumer Financial Protection Bureau prepares to establish national rules regarding payday lending, the success of Colorado's payday lending law may provide some type of model for federal action on matter. But the credit union community is cautioning that a closer look is necessary.

If banks finally start loosening up mortgage lending standards, will credit unions' hard-won market share take a hit?

PALM SPRINGS and WEST PALM BEACH, Fla. — It's not often that competing financial institutions agree to share, but that's not the case for two Florida credit unions.

MADISON, Wis. — Only a third of all credit unions offer commercial loans, but they can provide a profitable business line for many small institutions, according to a white paper released by the CUNA Lending Council.

SANTA CLARA, Calif. — The Great Recession forced many small CUs to fold or merge. Those that survived, such as Mission City FCU, figured out how to redefine opportunities.

CHARLOTTE, N.C. — Dipping down into lower credit scores can help kickstart loan growth, but if it isn't done correctly, it's a solution that comes with significant risk. That's why Carolina Postal CU turned to Credit Score Analysis (CSA).

PLYMOUTH, Minn. — Instead of simply counting Facebook likes, followers, fans and friends, TruStone Financial Federal Credit Union here has turned this social media platform into an auto loan profit center.

The Consumer Financial Protection Bureau issued a proposal Thursday that would institute new foreclosure protections for consumers after the agency found its previous mortgage rules didn't go far enough.

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.