Lending

WASHINGTON – Mortgage rates dropped to new lows after the latest round of gloomy economic data hurt Treasury yields, according to Freddie Mac’s weekly survey of mortgage rates.

TUKWILA, Wash. – BECU introduced a new 12-year, no-fee mortgage today as rates plummeted toward new lows.

WASHINGTON – Credit unions are worried that Congress is readying new rules governing the mortgage servicing segment, just as new standards for the originations and secondary market sales segments are beginning to take shape.

WASHINGTON – The electronic mortgage registration company at the center of the robo signing scandal has ordered a halt to foreclosures in an effort to protect itself from legal problems in the growing foreclosure crisis.

WASHINGTON – Mortgage rates again were little changed over the past week as readings on the U.S. economy continued to show mixed signals, according to Freddie Mac.

MILWAUKEE – Summit CU is partnering with Milwaukee Shines, a city project that encourages the use of solar energy, to help homeowners finance installation costs for solar panels.

OKLAHOMA CITY, Okla. – FAA CU said it has signed with BlueYield to join the company’s consumer auto finance lending exchange, and will offer a unique cash-back program for AAA Oklahoma members as part of the deal.

LUBBOCK, Texas – Texas Tech FCU has chosen MRG’s Miracle Online platform for its mortgage document preparation needs.

DEER PARK, Texas – Shell FCU said it is now offering private student loans through the CU Student Choice program.

WASHINGTON-The Consumer Financial Protection Bureau officially opened for business last Thursday without the benefit of a director-appointed by the president and approved by the Senate - but it has already released a report on the discrepancies between the credit scores sold to consumers and the scores that are actually being used by lenders to make credit decisions.

KINGSTON, N.Y. – Mid-Hudson Valley FCU has rolled out CU Student Choice private loans to help fund the gaps that scholarships and federal funding leave behind.

OLYMPIA, Wash. – Washington State Employees CU has signed with Avista Solutions to install the company’s loan origination system.

WASHINGTON – Mortgage rates were mostly flat over the past week amid a series of mixed economic reports, according to Freddie Mac.

RADCLIFF, Ky. – Fort Knox FCU yesterday said it signed with BlueYield to join the company’s consumer auto finance exchange.

VERNON HILLS, Ill. – Baxter CU has expanded its relationship with Akcelerant to include SOLUTION.LENDING, Akcelerant’s consumer loan origination solution powered by the Akcelerant Framework.

MADISON, Wis. – Credit unions have less than two weeks to make their voices heard regarding a rule that could have a large impact on their ability to offer mortgages to their members.

MANCHESTER, N.H.-St. Mary's Bank has launched a pilot program to help prospective business owners take their first steps.

SAN FRANCISCO-The fixed compensation model for servicing loans is "broken" in today's economic landscape, because it requires delinquencies to be stable in the 5% to 10% range.