Lending

TULSA, Okla. -- A Dallas-area man was charged in federal court here last week with using another person's Social Security number to finance the acquisition of sport utility vehicles and motorhomes from two Tulsa credit unions.

WASHINGTON – The Federal Reserve’s latest round of stimulus, announced last week, helped push down mortgage rates again to new lows this week, according to Freddie Mac.

Neighborhood Credit Union has begun offering vehicle return protection as an enhancement to its suite of auto lending products.

WASHINGTON – Mortgage rates again declined to all-time lows, with the average for the benchmark 30-year loan slipping to 3.49% this week from 3.55% last week, according to Freddie Mac.

BIDDEFORD, Maine – Ocean Communities FCU has selected CU Realty Services to help it expand its mortgage program.

MEDFORD, N.Y. – Suffolk FCU is offering loan rates as low as 1.22% for cars bought through Enterprise Car Sales.

Auto lenders beware: high gas prices may actually be driving down the value of small, fuel-efficient cars.

Congressional credit union supporters are seeking a way to get the member business loan measure through Congress in the final days of this year's session, with the chances of an up-or-down vote on the bill itself fading fast.

KALISPELL, Mont. — A mortgage broker pled innocent Friday to charges of bank and wire fraud in connection with a $450,000 mortgage she obtained from Whitefish CU.

WASHINGTON – Mortgage rates held steady this week near all-time lows, with the continuing economic turmoil in Europe, combining with the troubles at home to keep a lid on rates, according to Freddie Mac.

ENDICOTT, N.Y. – Visions FCU, the former IBM employees still trying to survive the mass lay-offs of the past decade, has turned to a new kind of member business loan, private housing for college students.

WASHINGTON – Congressional credit union supporters are seeking a way to get the member business loan measure through Congress in the final days of this year’s session, with the chances of an up-or-down vote on the bill itself fading fast.

FRANKENMUTH, Mich. — Neighborhood Mortgage Solutions announced the hiring of Greg Wischmeyer as the CUSO’s new CEO.

WASHINGTON – Credit Union executives and volunteers are very pessimistic about the prospects for their bill to raise member business loan limits and expect it to die again this year, along with the other credit union-backed bills, as Congress comes to a close as soon as next week.

Terence Roche, principal and co-founder of Scottsdale, Ariz.-based Cornerstone Advisors gives ten steps to revitalize lending.

SPRINGHILL, La. – Carter FCU has contracted for mortgage services with Member Advantage Mortgage, LLC, a Grand Rapids, Mich., CUSO.

WASHINGTON – Mortgage rates continued to hover near record lows this week, according to Freddie Mac.

CHICAGO – A Maryland patent owner filed suit in federal court here last week claiming Alliant CU is infringing on its patent for collecting debt through its call center, including its pay-by-phone collections.