Lending

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.

Credit unions, banks, mortgage lenders and real estate brokerage firms are expected to win some relief soon from a provision of the qualified mortgage rule that restricts fees paid to affiliates.

MADISON, Wis. — Fourteen credit unions are testing a new auto-lending product aimed at serving the underserved.

WASHINGTON — Demand for loans by consumers and businesses grew in the first quarter, according to a Federal Reserve report released Wednesday.

WASHINGTON — Questions are being raised about whether Senate Banking Committee leaders will delay a pending vote on their mortgage finance reform bill as they struggle to secure additional votes.

Credit unions approved a slightly higher percentage of small business loans last month, as approval rates ticked up to 43.6% in March from 43.3% the previous month.

Graduate school financing with high balances are driving the overall growth of the nation's student-loan debt.

The payday loan business — loathed by some, misunderstood in others' eyes — stands on the verge of its biggest shake-up ever.

CHICAGO — It took five years, but consumers finally are making their mortgage payments before credit card payments, according to recent analysis from TransUnion.

Though the "Great Recession" may be over, its shadow haunts thousands of consumers whose credit scores took a hit due to job loss, missed payments or even a strategic default.

LAS VEGAS — Even in this beaten-down housing market some home owners actually have equity, meaning home equity loans — a lending category that largely was forgotten in the aftermath of the housing crisis — are coming back.