Lending

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.

The Mortgage Bankers Association is honoring Pentagon Federal Credit Union in Alexandria, Va., for providing affordable housing and post-deployment assistance to military families and war veterans.

The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008.

Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations and how mortgages are priced and serviced remain top priorities for the future.

Notre Dame FCU in Notre Dame, Ind., has begun offering SBA commercial loans.

WASHINGTON — The merger agreement between the Federal Home Loan Banks of Seattle and Des Moines contains a little-noticed provision that would force one of them to pay a $57 million penalty if it break off talks.

WASHINGTON — NCUA and NAFCU say the Department of Defense's proposal to expand the list of credit products covered by the Military Lending Act's 36% rate cap could hurt credit unions and their members.

PHOENIX — Ask a simple question; get a phenomenal response.

The Federal Financial Institutions Examination Council released its annual Home Mortgage Disclosure Act dataset on Monday for the 2013 calendar year.

Regulator priorities used to be somewhat clear – making sure lenders were originating and servicing residential mortgage loans in accordance with applicable requirements. But more recently the focus has been on fair lending and disparate impact.