Lending

Credit Union executives, lending experts offer perspectives on whether the time is right to lower underwriting standards.

SCHAUMBERG, Ill. — Rising home values, increasing consumer confidence in their own financial situations and falling delinquencies all point to the possibility more credit unions will ease mortgage lending standards, say analysts and CU executives.

SCHAUMBERG, Ill. — As the reduction in mortgage demand has some credit unions reaching down to members with slightly lower credit scores, there could be widespread adjustments in home equity lending if this practice increases.

The World Cup kicks off Thursday and won't end until a month later, but one credit union here is already feeling like a winner.

SCHAUMBERG, Ill. — The reduction in mortgage demand has some credit unions reaching down to slightly lower credit scores.

WASHINGTON — Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to a Federal Reserve report.

MADISON, Wis. — Credit unions can expect reasonably good lending conditions as the financial crisis gets a little further in the rear-view mirror during the second half of this year, but they will continue to be challenged by regulatory pressure.

WASHINGTON — Financial institutions are still feeling negative effects from last year's sudden rise in medium- and long-term interest rates, but plenty of signs in the Federal Deposit Insurance Corp.'s latest industry update continue to point to a lending resurgence soon.

Federal Housing Finance Agency Director Mel Watt said Tuesday he had no plans to weigh in on pending housing finance reform legislation, leaving it to Congress to decide as early as this week.

WASHINGTON – The Senate Banking Committee will vote Thursday on legislation to overhaul the housing finance system after abruptly postponing deliberations late last month.

WASHINGTON — The chance of a housing finance reform bill moving in Congress this year is seriously in question after six key Democrats have apparently rejected the plan offered by Senate Banking Committee leaders.

There have been numerous media reports, along with considerable confusion, surrounding the subject of student loans.

Fannie Mae and Freddie Mac executives warned that their solid first-quarter profits are unsustainable and the government-sponsored enterprises remain in a precarious condition because they are restricted from building capital.

INDIANAPOLIS — Eli Lilly FCU will take a $26 million loss on default-prone loans to students enrolled at ITT Technical Institute, owned by ITT Educational Services, a for-profit college chain sued in February by the Consumer Financial Protection Bureau for alleged predatory lending practices.

The chief operating officer of the Federal Housing Finance Agency is facing a felony charge for threatening to kill the agency’s former top official, according to Washington, D.C. police and Superior Court records.

WASHINGTON — The indications from Congress are clear: there will be reforms made to the secondary mortgage system that long has relied on government-sponsored enterprises Fannie Mae and Freddie Mac — but the $9.4-trillion question is: what will the new system look like?

WASHINGTON — The Consumer Financial Protection Bureau proposed several changes to its biggest mortgage rules on Wednesday which would effectively allow lenders to get more loans defined as "qualified mortgages."

The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

WASHINGTON — The Consumer Financial Protection Bureau unveiled a new pilot program Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.